It is generally believed that, because of the election process, the incentives and pressures for internal efficiency are stronger in the public sector than in the private sector.Topic: Government Failure

Question

Quizplus · Accepted Answer

The private sector typically has stronger incentives for internal efficiency due to competition and profit motives, whereas the public sector may face less pressure due to lack of competition and different accountability mechanisms.

It Is Generally Believed That, Because of the Election Process