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25 February, 08:15

What does the Public choice theory indicates that the behavior of people in government?

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  1. 25 February, 08:30
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    is best understood by applying the same principles we use to predict the behavior of people in the private sector.

    Explanation:

    The theory of public choice is a field of economics that has originated from the study of taxes and public expenditure. Public choice is based on the same concepts that economists use to evaluate people's actions in the economy and to apply them to the action of people's decision-making. The proponents of this theory have the belief that while people in the political market are worried about other concerns, their primary motivation, whether they be constituents, legislators, lobbyists or officials, is self-interest.
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