The concept of "private interest" presumes that certain governmental economic activities are essential to assure provision of goods and certain protections to the whole society that would not be provided by a pure market economy.

Question

Quizplus · Accepted Answer

The concept of "private interest" typically refers to the motivations and actions of individuals and organizations seeking personal gain, rather than the government's role in providing goods and protections to society. The description more accurately applies to the concept of "public interest."

The Concept of "Private Interest" Presumes That Certain Governmental Economic