Purchase Solution

Satisfactory vs Least Satisfactory Products

Not what you're looking for?

Ask Custom Question

Provide a short list and discuss the specific items in the problem. I could not find the specific topic; I apologize in advance. No more than 200 words if possible please.

Attachments
Purchase this Solution

Solution Summary

This solution explains the differences between products/services provided by the government and by the private sector. The sources used are also included in the solution.

Solution Preview

Step 1
A short list of specific items provided by the government is traffic law enforcement, public employees' health plan, parking meters, and prisons. These are services that are least satisfactory and have shown the least improvement over time. Short lists of specific items that are most satisfactory and have improved the most are mobile phones, cars, and the NBA basketball. These have improved in the private sector. The specific items in the first list have remained the same over period of time. Some prisons have ...

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.