Briefly describe the basic features of Public Choice approach.

Public Choice Approach, has argued that individuals come together in politics for their own mutual benefit, just as they come together in the market place. He has stated that, "As the case with efficiency, persons are not likely to express interests in abstract distributional ideals for the society in general when in political decisions. They are likely, instead to seek to further their own well-defined interests” (Buchanan. 1988). Thus, according to Buchanan, individuals come together in politics for their own mutual benefits.In Buchanan’s view, there are two normative rules, which are constitutive of the Public Choice Approach: (i) Politics as Exchange, ____ ______ ___ _______ ______ __________ ______ ______ ______.
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