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concepts of value and utility differ in the public sector

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Give me idea to get me started (bullet points and references) on creating a training documents on this topic: Explain how the concepts of value and utility differ in the public sector as to the private sector.

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The expert examines the concepts of value and utility differ in the public sector and the private sector are determined.

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PUBLIC AND PRIVATE GOODS

In the public sector, commodities offered are the so-called public goods, through the government and its different agencies. These are not goods that can be bought and sold in the markets. According to Samuelson (2001) these are commodities in which the cost of extending the service to an additional person is zero and which it is impossible to exclude individuals from enjoying. An example of which is national defense. The government extends this service to all individuals, whether they want the protection or not, or whether they pay for it or not. There is therefore no exclusivity in the case of public ...

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Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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