The _____ Act of 1863 Was Designed to Prevent Profiteering

question 1

Short Answer

The _____ Act of 1863 was designed to prevent profiteering from the Civil War.

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Definitions:

Purchase-of-Service Contracts

Agreements where a government entity pays an external organization to provide a specific service that the government itself does not deliver directly.

Bidding Contest

A competitive process in which individuals or entities submit offers to win the rights to acquire goods, services, or assets.

Governmental Agency

An organization at the local, state, or national level that provides a specific service or performs a regulatory function on behalf of the government.

Policy Innovation

The creation or adoption of new policies which aim to address existing challenges in more effective or efficient ways.