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Question

Answer the following questions in six sentences each:
Mention the differences between Public finance and Private finance.

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Solution

Private Finance Public Finance
Related to the income and expenditure of one person or family.Related to the income and expenditure of the government.
Calculate their income beforehand and spend it accordinglyCalculation of expenditure first and adjusts income accordingly.
Kept confidentially.Discussed in the legislative houses and published through the media.
Savings facilitate prosperity.Savings leads to the under- development.

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