- 4 Marks
PSAF – Nov 2017 – L2 – Q1d – The Context of Public Financial Management
Identify the consequences of an economy without a public sector.
Question
In every economy, there exists a dichotomy of sectors: public sector and the private sector. These two sectors co-exist in every economy symbiotic fashion. Most often, the private sector is hailed for superior performance in terms of economy, efficiency, and accomplishment, leading to the view that the public sector should be done away with completely.
Required:
Identify FOUR consequences an economy is likely to face in the absence of the public sector. (4 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Economic Development, Employment, Infrastructure, Public Sector, Regional Development
- Level: Level 2
- Topic: The context of public financial management
- Series: NOV 2017
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