Q2. 1. “Public economics is the study of the nature, principles and economic
consequences of expenditure, taxation and financing, and regulatory action
undertaken by the non‐profit‐making government sector of the economy”
(Black, Calitz, & Steenekamp, 2017).
What is it that the government tries to achieve through its expenditure, taxation
and financing, and regulatory action in the economy?
(5)
Q.2.2. Provide any FIVE examples where the government uses its regulatory power to
manage the South African economy.
1
Expert's answer
2020-07-21T17:30:42-0400
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