There Are Four Primary Reasons That Government Agencies Cannot Achieve

question 9

Essay

There are four primary reasons that government agencies cannot achieve a comparable level of productivity with the private sector. What are these four reasons? How has the evolution of e-gov helped with close the gap?

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Definitions:

Market Power

The ability of a firm or group of firms to manipulate prices or output in a particular market, often due to lack of significant competition.

Elasticity Of Demand

A measure of how responsive the quantity demanded of a good or service is to a change in its price.

Mark-Up

The amount added to the cost price of goods to cover overhead and profit; it is the difference between the cost of a good or service and its selling price.

Market Power

The ability of a company or entity to influence the price and output levels in a market.