PUBLIC FINANCE VERSUS PRIVATE FINANCE

Aurel Ioan Giurgiu () and Florin Sebastian Duma ()
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Aurel Ioan Giurgiu: Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania
Florin Sebastian Duma: Faculty of European Studies, Babes-Bolyai University, Cluj-Napoca, Romania

JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, 2010

Abstract: The generic term of finance comprises a multitude of practical forms, apparently different not only from the targeted purpose, but also by the way of creating and using of the funds. However, finance is divided in two main forms: public finance and private finance. The public finance is trying to satisfy the common needs of the entire community which is administered by the constituted authority, while the private finance refers to the needs of a much more restrained community constituted through the voluntary association in lucrative purposes. In this paper we tried show the differences between the public and the private finance, their role and mechanism and which is the interdependency between them.

Keywords: finance; public finance; policy; public revenues; public spending; financial policy (search for similar items in EconPapers)
JEL-codes: E69 (search for similar items in EconPapers)
Date: 2010
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http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_2_2010.pdf Revised version, 2010 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bbn:journl:2010_2_3_giurgiu

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