Today, some politicians and economists are calling for a significantly reduced role of government in the economy . They envision private businesses taking over some or most of the services provided by the government to its citizens . These individuals believe that the profit motive will make provision of these services by private , for -profit businesses far more efficient and thus less costly . What do you think ? Which , if any , government services do you think would be provided more cheaply and efficiently by a for - profit company ? Explain your answer using examples .
( WILL MARK BRAINLIEST )

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24-02-2021
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Today, some politicians and economists are calling for a significantly reduced role of government in the economy . They envision private businesses taking over some or most of the services provided by the government to its citizens . These individuals believe that the profit motive will make provision of these services by private , for -profit businesses far more efficient and thus less costly . What do you think ? Which , if any , government services do you think would be provided more cheaply and efficiently by a for - profit company ? Explain your answer using examples .
( WILL MARK BRAINLIEST )

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anthougo anthougo · Answer 1 · 2021-10-07T15:26:13+02:00

The government services that would be provided more cheaply and efficiently by for-profit organizations are electricity, public transportation, telecommunication, waste management, and water supply networks.

Experience has shown that services relating to courts, social services, military, and law enforcement are governmental services that should be left exclusively to government.

The same experience has shown that leaving some of the services mentioned earlier in the hands of private organizations yield more benefits (efficiency and profitability) to society.

The decision criterion on whether to reduce the role of government in the economy is to recollect what the purpose of government is. Government can intervene to build up an industry before privatization. Government can still play important roles with regard to regulation of economic activities in order to meet its main purpose.

Thus, the government's role in the economy is to coordinate and ensure that the citizens are served efficiently and effectively.

Learn more about the role of government in the economy at https://brainly.com/question/19508235