Create an initial post in which you address the following prompts: What is privatization and how is it different than contracting out?In what ways is privatization an effective way of introducing comp

 Create an initial post in which you address the following prompts:

1. What is privatization and how is it different than contracting out?
2. In what ways is privatization an effective way of introducing competition into the provision of public services?
3. What are some of the risks of privatizing? In other words, why doesn't privatizing always work?

Citation Expectations

The primary source for all answers should be our textbook or assigned readings. Be sure to cite any sources used for your answer, particularly when you paraphrase or use direct quotations. Remember to clearly indicate quotations with quotation marks. If you use any additional sources, they should be academic, not websites like Wikipedia. A proper in-text citation will include the author's name(s), the year the text was published, and the page number the information being cited appears on. An example of a proper citation is below:

Max Weber described bureaucracy as "a machine-like structure in which efficiency is paramount" (Holzer & Schwester 2019, p. 46).

Be sure to also list the book or article in the "References" section after the answer.