What Are the Options Available to Government When Deciding Whether

question 9

Essay

What are the options available to government when deciding whether to rely on the private sector or the public sector to provide public goods? Use the example of prisons to illustrate.

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Definitions:

Productive Skills

Productive skills are those related to the output of work, such as writing and speaking, which enable individuals to produce goods, services, or ideas effectively.

Highly Educated Workers

Individuals who have attained a high level of education, often holding college degrees or higher, which usually results in specialized skills.

Less-Educated Workers

Workers with lower levels of formal education, often facing different employment opportunities and wage scales compared to more educated workers.

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.