Paper Summary:

The paper explores public good, discounting, externalities, buyers, sellers, markets and capitalist systems. The paper illustrates how the characteristics of a capitalist economy and the United States' economical characteristics are one and the same. The paper discusses the construction initiatives of the Department of Defense and the Army and shows how there is plenty of room for competition in making these initiatives less costly and more sustainable. The paper explains how this will result in better housing for military members and their families which is considered to be in the realm of what defines the 'public good' in the society of the United States.

Outline:
Objective
Capitalist Economy
Construction-Military Housing
Construction-Utilities
Construction-Highways
Public Good-The Metric Measure
Summary and Conclusion

From the Paper:

"In the beliefs of Smith the economy in which no monopolies existed would be one that promoted competition and would be free from undue involvement on the part of the government. Competition keeps prices "in line with the needs of consumers or what Smith referred to as the "invisible hand" of the market which in the view of Smith allows the self-interest individually to drive the provision for the public good or "overall interest of society". (Ibid) In other words those who have services or goods for sale or the sellers are impacted by competition negatively should be buyers choose to go to another vendor or service deliverer."

Sample of Sources Used:

• Statement of Mr. Philip W. Grone, Deputy under Secretary of Defense (Installations and Environment) Before the Subcommittee on Military Quality of Life and Veterans Affairs of the House Appropriations Committee" (2005) March 2.
• Estache, A. (2001) Privatization and Regulation of Transport In fracture in the 1990s. The World Bank Research Observer Vol. 16 No. 1 pp. 85-107. 2001 Online available at: http://wbro.oxfordjournals.org/cgi/content/abstract/16/1/85
• Samuel, Peter (2001) Highway Aggravation: the Case for Privatizing the Highways (1995) Policy Analysis No. 231. Cato Institute. Online available at: http://www.cato.org/pubs/pas/pa-231.html
• "The Benefits of Privatization" (n.d.) Housing privatization Special Bulletin. Robins AFB Privatized Unit & Elmendorf AFB Privatized Unit Online available at: http://66.102.7.104/search?q=cache:tXFBhrMI9KAJ:www.eglin.af.mil/Housing_Privatization/documents/benefits.pdf+privatization:+construction+military&hl=en&gl=us&ct=clnk&cd=11.
• Capitalist Economy (n.d.)Online available at: http://www.umn.edu/humarts/edumat/sustecon/others/capilist.htm

Visitors who viewed this Persuasive Essay also liked these:

• Term Paper # 110010 : "An Equitable Capitalist Economy"
• Analytical Essay # 136658 : "The Working Class in the Canadian Capitalist Economy"
• Term Paper # 127994 : "Transforming the Russian Economy"

APA Citation:

MLA Citation: