One
main difference between public sector entities and private sector
entities is that their objectives are different. The objectives of
the public sector entity is to deliver public goods and services to
all citizens in order to maximize their welfare. However, the
principal object of the private entity is to make profit on the
goods and services they produce and sell in the market.
Required:
Explain SIX (6) reasons why these differences are important
2.) Pure public goods are those supplied by the public sector and private goods are those supplied by the private sector.
3.) Nonrival goods may be provided by the private sector, but only if they are excludable.
Given the arguments about how the public sector is different
than the private sector, is it fair for people to complain about
government being slow compared to private firms? Remember to draw
on your readings and the lecture to support your thoughts.
The private sector has been regarded as a key partner of the
public sector in providing funds for Infrastructure Investment.
However, the private sector has faced a number of challenges in
providing funds for infrastructure development. Discuss the
challenges and suggest remedies that will assist the private sector
to overcome these challenges
What are all the differences between Public Sector and Private
sector organizations in terms of finance, control, structure, and
objectives?, and how do both private and public sector tourism
related organizations contribute to the macro economy?
At least 200 words, please. I need this answered as soon as
possible. Thanks in advance!
The purpose of this exercise is to show how the public sector
will allocate private and public goods. Unlike the private sector
the public sector decision to provide a good is based on a
collective political decision rather than a market based
decision. For each type of good your decision to provide
the good must meet the following conditions: the total must receive
a majority of voting support and it must raise enough taxes to
cover costs. Every resident pays the same...