The paper "Applied Business Economics " is an outstanding example of a micro and macroeconomic assignment. The state or the government provides resources and funds for public funding, meant for the operation and maintenance of political parties and/or candidates. According to the government provisions, the candidates, as well as the political parties, should have equal access to the funds. Although not clearly entrenched in law, the rules and regulations on public funding, despite being well clarified will often time be misused by an incumbent candidate or party. However, legal measures such as multi-party systems are necessary to hold administrators accountable and responsible. While the funds may be derived from various sources, the uses of the funds are categorized into direct and indirect public funding.
The political parties/candidates receive direct public funding in the form of money, while indirect public funding exists is provided in the form of resources with s monetary value. As most organization managers are tasked with managing finances, the government process essentially involves the management of public finance through resource mobilization, budgeting for the funds, vetting for priority projects, exercising controls, and efficiently managing resources.
Gradually, the emphasis is increasing on the management of financial resources; thereby the public demands for accountability for their funds have increased (Goodwin et al, 2009, p. 317). Government expenditures such as direct and indirect funding are financed through government revenue and government borrowing. Taxes and on-tax revenue from assets sales, government-owned corporations and wealth from sovereign funds determine the amount of revenue. Similarly, the options through which the government decides to borrow its finances are likely to have a significant effect on income redistribution (dissemination of income and wealth) and market efficiency (tax effects on prices and efficiency).
Once market adjustments have been considered and tax burdens redistributed, tax incidence is associated with how tax effects on income distribution, occurs. Consequently, analysis of the various types of taxes and borrowing exposes such administrative issues such as tax enforcement (Iyengar, Jiang & Huberman 2004).
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