What does "public finance" mean?

A field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities.

Public finance

Common synonyms include: budgeting system, educational finance, fiscal, fiscal activity, fiscal revenue, fiscal system.

noun

noun ·Rare ·Advanced level

Noun

1
A field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities. uncountable
"Moreover, the formulation of the model serves as a blueprint for the incorporation of modern notions of labor economics in public finance."

"Moreover, the formulation of the model serves as a blueprint for the incorporation of modern notions of labor economics in public finance."