Oxford University Press Southern Africa, 2008 - Business & Economics - 324 pages
This fourth edition of Public Economics provides a comprehensive yet easy-to-read introductory text to the study of public economics within a South African and Southern African context. The book includes additional self-assessment exercises and interesting comments in each chapter which emphasize topical issues. It has also been updated to feature the latest in SA economic policy.
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The public sector in the economy
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after-tax allocative efficiency assets behaviour benefits Bongani capital gains cent Chapter compact discs company tax consumer surplus consumers consumption countries demand curve discuss distribution economic growth effect elasticity equal equilibrium equity ernment example excess burden external costs Figure finance firms fiscal policy government expenditure impact implies important incentive income tax increase indifference curve individual interest investment issue labour levied lower lump sum tax macroeconomic majority marginal cost marginal social market failure maximise median voter ment monopoly optimal output perfect competition Pigouvian taxes preferences production property tax provinces public debt public sector quantity redistribution reduce rule Section selective tax shift social cost South Africa stabilisation street lighting subsidies supply curve tax base tax burden tax competition tax incidence tax rate tax revenue tax system taxation taxpayers theory tion tive utility value added tax voting wealth X-efficiency X-inefficiency