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Economics-based decision-making in government

Economics-based decision-making in government

Economics-based decision-making in government has long been the basis for deciding to privatize or not. Instead of comparing profits, governments can use things like return on investment or lowest cost to customers (citizens). As costs shrink so does the need for taxes. Economics decides how a State or County can receive financing like bonds and how it will cost them in interest. What programs will generate the most return and therefore should be funded. "Return" can be defined in non-monetary ways like X amount of investment will over 5 years reduce homelessness by Y%.

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Economics-based decision-making in government has long been the basis for deciding to privatize or not. Instead of comparing profits, governments can use things like return on investment or lowest cost to customers (citizens). As costs shrink so does the need for taxes. Economics decides how a State or County can receive financing like bonds and how it will cost them in ...

Solution Summary

Economics-based decision-making in government is analyzed. The defined non-monetary x amounts of investments are provided.

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