Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 1

The U.S. Supreme Court ruled that cities could have school voucher programs that give money directly to parents, who could then choose among competing schools, public or private. The idea was to create competition among schools. Like businesses, schools were expected to improve their services (how effectively they teach) to win students from competitors. The result would be improvement in all schools, private and public, to benefit many students.
Do you believe economic principles, like competition, apply in both private and public organizations Be prepared to defend your answer.