privatization

Examples of privatization in the following topics:

• Advantages of Private Financing

  • Sometimes employees also hold shares of private companies.
  • Most small businesses are privately held.
  • Though most companies start out privately held, there are situations in which a publicly traded company becomes privately acquired.
  • The company is then privately financed.
  • This transition it known as "going private. "

• Private Goods

  • In economics, a private good is defined as an asset that is both excludable and rivalrous.
  • A private good is a scare economic resource, which causes competition for it.
  • Generally, people have to pay to enjoy the benefits of a private good.
  • Thus, generally, the market will efficiently allocate resources to produce private goods.
  • An ice cream cone is an example of a private good.

• Museums and Private Collections

  • Museums and private collections are engaged in both the collection and display of works of art.
  • Private collections are privately owned works of art which may or may not be available for viewing by the public.
  • Early museums began as the private collections of wealthy families and individuals.
  • Numerous art works in museums today were in fact donations from private collections.
  • Currently, some private collections remain private, while some are available for public viewings.

• Facilitating Private-Voluntary Associations

  • A second function of government is to facilitate private-voluntary associations.
  • A contract is a legally enforceable agreement, and government encourages private-voluntary associations chiefly through laws regarding contracts.
  • Of course, not all private agreements are enforceable.
  • Without government, terms of voluntary associations would only be enforceable by the parties and their private associates, a messy and inefficient process at best.
  • It is no exaggeration to say that private enterprise rests on public foundations.

• Property

  • Private property is the ownership, control, employment, ability to dispose of, and bequeath land, capital, and other forms of property by persons and privately owned firms.
  • Economic liberals consider private property to be essential for the construction of a prosperous society.
  • On the other hand, socialists view private property relations as limiting the potential of productive forces in the economy.
  • They believe private property becomes useless when it concentrates into centralized, socialized institutions based on private appropriation of revenue until the role of the capitalist becomes redundant.
  • Describe the various forms of property - private, public and collective - and their functions

• Types of Private Solutions

  • Private actors will sometimes effectively address externalities and reach efficient outcomes without government intervention.
  • Private actors will sometimes arrive at their own solutions.
  • Charities: Charities channel donations from private individuals towards fighting to limit behaviors that result in negative externalities or promoting behaviors that generate positive externalities.
  • As a result, private individuals often fail to resolve problems.
  • Evaluate how effective private solutions may be in solving market failures produced by externalities

• The Impact of Court Decisions

  • Privatization is government outsourcing of services or functions to private firms.
  • In competitive industries with well-informed consumers, privatization consistently improves efficiency.
  • Studies show that private market factors can more efficiently deliver many goods or service than governments due to free market competition.
  • Many proponents do not argue that everything should be privatized.
  • Likewise, private goods and services should remain in the hands of the private sector.

• Teaching at a Private School

  • Teachers who choose to work in private schools often crave a school culture that is unregulated by government education policies.
  • The majority of private schools in the United States are operated by religious institutions and organizations.
  • Private schools are typically more expensive than their public counterparts.
  • The exemption from government regulations allows private school principles to set their own hiring requirements.
  • Private school teachers, on the other hand, have more autonomy in designing curriculum.

• The Third Amendment

  • The Third Amendment to the United States Constitution prohibits, in peacetime or wartime, the quartering of soldiers in private homes without the owner's consent.
  • The Third Amendment protects citizens against the quartering of soldiers in private homes.

• Introduction to the Four Functions of Governmen

  • For most people the general undesirability of private-involuntary associations (robber-victim, air polluter-victim) and of compound-involuntary ones (the Nazi extermination campaign against Jews, military conscription, arbitrary economic regulations) is implicit in the examples we have adduced.