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Essay / Research Paper Abstract
Using the 3 criteria of cost, quality, and access as well as political feasibility this 4 page paper discusses under what circumstances relying on the private sector may not be socially optimal. The paper discuses the provision of services such as armed forces and the welfare state as well as the control of externalities such as pollution. The bibliography cites 2 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEprivateopt.rtf
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Unformatted sample text from the term paper:
society needs, if there is little or no demand then the suppliers will not be able to sell their goods or services will then have to reduce or cease trying
to sell them and find other goods and services to sell which are in demand. This results in an efficient use of resources, where demand increases the supply adjusts
meet those demand and where it decreases there is a contractions. The same forces may be seen in terms of quality, market forces do not only determine what goods are
needed, but also the quality and the way they are accessed, this helps, without the intervention of the government, create a system where most goods are services can be provided
in an optimal manner. Therefore the problem may be defined as When there are insufficient forces to create a demand for a service, or specific standard of goods or service,
the market will fail, as unless the state steps in the goods or service (at the correct, level, quality and location) will not be provided, this can result in social
hardship or disadvantage. The provision of services where this happens may be seen within the society services in areas such as security and defence. In terms of
the supply and demand the demand for defensive services will only arise when there is a threat posed to a country (or other party). For example, when a country is
under threat the demand may be mixed with pacifists and political views differing. However even if there was agreement for the need there would not be the ability to recruit
train and equip a defensive force, such as an army or a navy, within the required time. In the past there have been private security arguments, but these have been
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