Identify three tripartite fiscal function of government?

1. Taxation: Governments collect taxes from individuals and businesses to fund public services and infrastructure. This includes income taxes, sales taxes, property taxes, and other forms of taxation.

2. Spending: Governments allocate funds to various programs and services, such as education, healthcare, defense, and social welfare. This includes both mandatory spending (such as entitlement programs) and discretionary spending (such as infrastructure projects).

3. Borrowing: Governments may borrow money through the issuance of bonds and other debt instruments to finance budget deficits or fund long-term investments. This allows governments to spread out the cost of projects over time and manage cash flow fluctuations.

1. Allocation - The government's role in allocating resources to different sectors of the economy, such as education, healthcare, and infrastructure.
2. Distribution - The government's role in redistributing income and wealth through taxes and social programs.
3. Stabilization - The government's role in managing the economy to promote growth and stability, such as through fiscal and monetary policy.