Question

Do you believe economic principles like competition apply in both private and public organizations? be prepared to defend your answer.

Answer 1

Some economics principles apply equally in both types of organization. Others apply to some degree in both, but apply more strongly to private organization. One set of economic principle has to do with how people make choice. Economics believe, for example, that people act rationally and that they respond to economic incentives. These principle apply equally to public and private organization.

Step-by-step explanation:

Answer 2

Some economics principle apply equally in both types of organization. Others apply to some degree in both, but apply more strongly to private organization. One set of economic principle has to do with how people make choice. Economics believe, for example, that people act rationally and that they respond to economic incentives. These principle apply equally to public and private organization.