what are the examples of nudges in the private sector and in the public sector?

Expert Solution

Private Sector

They are the portion of the economy of the country. But will not be under the direct governance of the corresponding state. It is also known as citizen sector. They focus on making profits. Private sector usually include private groups such as :-

Corporate companies
Firms
Partnerships
Individual firms

Public Sector

They are the portion of the economy of the country. But they will be under the direct governance of the corresponding state. It consists of public enterprises and public services which are considered as non-profit making ones.

Nudge

It is basically a concept. This concept is the one which has the ability to influence the decision making of people. By that decision, the person making the nudge will be benefited and get the desired result.

Examples of Public Nudges

Sending tax-property payment letters along with a note on its top to make sure that the letter should be read by the receiver. This will tend them to read the same and make the payment of tax to the government.
Making public deposits by people offering more interest rates.
Cutting of salaries as TDS and thus forcing them to file the income-tax return to get back the TDS.

Examples of Private Nudges

Online food delivery agencies can crack more customers by giving them discount offers than the other competitors.
Private cab facilities can get more frequent customers by offering value offering rides such as more safety, customer helpline, discount offers etc.
Film viewers at cinema halls can be increased by providing more comfortable seating, food and beverages service etc.
Private clinic doctors can make a facility to get appointments by a text message by the patient. This will be very convenient for the patient.

Rahul Sunny answered 8 months ago

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