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...Public economics prashant jaiwardhan published by jharkhand rai university contents chapter introduction commodity taxation income risk corporate goods externalities imperfect competition tax evasion overlapping generations economies social security debt and taxes or of the sector is study government policy through lens economic efficiency equity at its most basic level provides a framework for thinking about whether not should participate in markets to what extent role be order do so microeconomic theory utilized assess private market likely provide efficient outcomes absence governmental interference inherently this involves analysis expenditures subject encompasses host topics including failures creation implementation builds on welfare ultimately used as tool improve broadest interpretation with particular emphasis upon therefore diverse responses failure due existence determination optimal policies characterization reflects an extension scope from initial collection disbursement r...