beprivatized?
↓
People do not fully take care of things that are not theirs
Ownership gives the owner two important rights to its property.
☞ Dispose of it.
☞ Claim the profits from its use.
Problems
‘principal-agent problem’
‘free-ride’
‘soft budget constraint’
☞ ‘principal-agent problem’
Even if there are some firms which are manage
private corporations and capital investment to its investors by investing in the hospital management can also rationalize. Thanks to rationalization of management, quality health care service of hospitals for profit rises. This position is that even though government force to regulate, better medical service can be possible only there is capital. The effects of privatization of healthc
be a kind of discrimination policy.
Second of all, bailing out with taxpayer’s money is just a temporary solution, so eventually it will be a waste of money. When the government helps the private industries and it works, then there will be few complaints about its decision. However, people are complaining a lot, which means it isn’t working well. Also, we can see how it doesn’t work thro
be classified into two categories here in a broad sense. The first one is teachers who supply lectures through the Internet, and the other is IT technology which should be working properly to operate an e-learning business.
First, from the perspective of regarding teachers as suppliers, it can be said that the bargaining power of suppliers is medium at present but rising as well. Teachers could
be free. It’s mostly similar with open source and is actually one form of open source, but it doesn’t mean that everyone could access the source code. An example of a license with copyleft is GNU GPL, which is also a part of open source.
2.3. Free Software?
Even if ‘open source software’ is more popular than ‘free software’ in Korea, in fact, the concept ‘free software’ was fo