Examlex
Which of the following are arguments in favor of private prisons?
I. Private prisons are likely to have lower costs than public prisons.
II. Private prisons have a stronger incentive to reduce inmate violence because it lowers costs.
III. Private prisons have a stronger incentive to uphold prisoner's civil rights because it reduces expensive lawsuits.
Sustainability
The practice of conducting business in a way that is environmentally responsible and resource-efficient, aiming to reduce the environmental impact and ensure long-term ecological balance.
Supply Chain Surplus
The difference between the value generated by the final product and the costs incurred in making the product available in the market, indicating overall supply chain efficiency.
Emissions Tax
A tax imposed on companies based on the amount of pollution their operations emit, aimed at encouraging environmentally friendly practices.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, meaning higher income earners pay a higher rate of tax.
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