What Are the Three Sources of Funding for the Public

question 187

Essay

What are the three sources of funding for the public sector? Can the government rely on all of these sources in the long run? Explain.

---

Definitions:

Corporate Veil

A legal concept that separates the personal liability of company owners, shareholders, and officers from that of the corporation itself.

Commingled

Mixed together without any clear separation, especially referring to funds or assets.

Retained Earnings

Profits that a corporation keeps.

Reinvestment

The process of using the proceeds from an investment to purchase additional assets or securities in order to potentially increase wealth.