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Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
What is the mission statement for the royal bank of Scotland?
To provide a service to the public and make a profit.
Are public high schools non-profit institutions?
Yes, public high schools are typically non-profit institutions, meaning they are not operated for the purpose of making a profit but rather to provide education and services to students in the community.
What are the functions of public corporations?
The main function of a public corporation is to make a profit for the shareholders. Another function of a public corporation is to produce a product or provide a service.
What is the purpose of public sector?
The purpose of a public sector is to give service to the customers
What is the purpose of the Cal PERS service in California?
Cal PERS service in California stands for California Public Employers Retirement System. It was formed to provide retirement benefits for public employees of California.
What is the purpose of public sector accounting?
The purpose of a public sector is to give service to the customers
Why does the government need to provide public facilities to the people?
AS private companies are not ready to provide these service without any profit,therefore it is goverment duty to provide it
Why do you have public services?
to provide service and to look after the public.
What is the non commercial sector in hospitality and catering?
Places in the "Commercial" sector are where the the main purpose of the organisation aims to serve food and make profit like restaurants. Places such as hotels and hospitals are in the "Public" sector because although they provide food, it is not their prime purpose.
What is the purpose of a public service announcement?
The purpose of a public service announcements is to tell people bout either drugs or alcohol. by tell i mean the truth and what is does to ou and your body
Why are private companies unlikely to provide public goods'?
The non-excludability of public goods makes it difficult to profit from them.
