Compare the Differences Between Government-Run Prisons and Private Prisons

question 16

Short Answer

Compare the differences between government-run prisons and private prisons. Discuss your perception of their overall effectiveness toward the inmates and the effects on employees at these facilities. Does one assist the offender more than the other? If so, how?

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Definitions:

Mercantilism

An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal governmental intervention in the marketplace and the economic activities of individuals and businesses.

Precious Metals

Metals of high economic value, often used as an investment or industrial commodity, including gold, silver, platinum, and palladium.

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation or savings, often leading to a budget deficit.