Public Management Theory

question 11

Essay

Public Management Theory. A traditional rationale for public sector management of economic resources is that there is a fundamental difference in the economic characteristics of two broad categories of goods and services. These two categories are called public goods and private goods.
A. Describe the essential characteristic of public goods and cite some examples.
B. Describe the essential characteristic of private goods and cite some examples.

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Definitions:

Percentage of Trend

A statistical measure that represents the direction and movement of data points over a specified period, often used to identify patterns in time series data.

Moving Average

A statistical method used to smooth out short-term fluctuations and highlight longer-term trends or cycles in data.

Seasonal Indexes

Numerical values used to adjust for seasonal effects in time series data, allowing for the comparison of data across different seasons.

Daily Indexes

Indicators or measures that are calculated and published every day to track the performance of specific markets or sectors.