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Some good and services are not suppose to be provided by the private sectors in some countries. The public goods and services are defined by economist as non excludable and non rival while private goods are excludable and rival (Kelly, 2007).
In public purchasing, it is important to use ethics in order to improve the morale and loyalty of customers and workers. Ethics in management ensure that leaders behave according to the code of contact hence attracting customers and retaining the previous customers (Kelly, 2007)
In the reconstruction of Tappan Zee Bridge it is important to use the Public-Private Partnership (PPP). The construction will be effective since both the private and public sector will provide services and funds. There will be merging of ideas and the construction will be effective (Kelly, 2007).
In respect to the wimp video there are five types of government. Monarchy or dictatorship is the first form of government which is ruled by a king with nobles. Oligarchy is another form which is the most common form of government ruled by powerful few. Anarchy is another form which means without government. People decided to have no government due to crimes committed by the government. Government is necessary for the protection and security and anarchy is not a good form of government. Democracy type f government means a form of government the rule of the majority. Republic government means the public thing and the government is limited by the law to safeguard the public (Kelly, 2007).
Private-public enterprises are a contract made between a private party and a public sector authority. In the enterprise, a private party provides a service and assumes all risks, substantial financial and technical risks in the business. Example of the private-public enterprise is health organization providing health services, water privatization, centralized units and financing like banking services
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This is because, both public and private schooling mechanisms are equally employed to derive the best possible value for the students yet the availability of resources is something that remains a problem nonetheless. One must understand that the discussion which centers on the premise of public and private schooling basically takes into consideration the due role of the curriculum that is being taught as well as the people who are given the supervisory roles within the public and private schools of the present times.
The result of this is that proficient firms, able to satisfy consumers, have access to the necessary resources needed to produce goods and services and earn a profit (Kurtz & Boone 2011). In a private enterprise system there is competition between the producers in the marketplace and factors of production (resources) are privately owned.
Most people are trying to outweigh the others in terms of gaining a specific market share. On the other hand, in the recent days, the idea has been adopted by the non-profit organisations, which are starting to feel the pinch of begging funds from unpromising sources (Zahra, 2002).
The formation of socialist states ensures the elimination of capitalism and adheres to practicing communism in the society.
The age of the socialist experiment in the twentieth century witnessed revolution in the major regions of Eurasia, as well as the other parts of the world by the political economies that seemingly interchanged the western private enterprise.
The demand of public goods by one individual does not affect the supply of another individual. Public goods do not have ownership rights. A major characteristic of the goods is that they are non-rivalrous and non-excludable.
The proceeding chapter of the paper divulges on the risk management process (risk controls) which begin with risk classification of specific risks in a given environment. It also explains process of vulnerability detection and formalities such as field inspection checklist and security.
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