What Is the Difference Between "Sound Finance" and "Functional Finance

question 87

Essay

What is the difference between "sound finance" and "functional finance"? Why did the advocates of each view of public finance take such different positions?

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Definitions:

Bargaining mixes

The range of items that are up for negotiation between parties, including issues and interests.

Consulting

The professional practice of providing expert advice in a particular area, such as business, education, law, or technology.

Evaluating packages

The process of assessing a set of proposals or components as a whole rather than individually, often used in negotiations or decision-making.

Individual issues

Matters or concerns that affect a particular person rather than a group or collective.