Applied Policy

In: Business and Management

Submitted By chelseyfenwick
Words 1038
Pages 5
Chelsey Fenwick
300185715
Assignment 1- Applied Policy The private sector is the part of the economy that is run by private individuals or companies for profit. A service that is controlled by the private sector is not controlled by the state. The private sector is legally regulated by the state and businesses within that country are required to comply with the laws in that country. Companies and corporations that are run by the government are a part of what is known as the public sector, charities and other non-profit organizations are part of the voluntary sector. In most free market economies the private sector is where most jobs are held. This differs tremendously from countries where the government has majority of power over the economy for example in the People’s Republic of China. Some organizations that are controlled by the private sector include retail stores, credit unions, and local businesses.
Canadian prisons have increased by 75% in the last decade alone, as well as the number of Caucasian inmates has significantly decreased. The population of Canadian prisons is currently at the highest level ever, the number of inmates in federal prison 10 years ago was close to 12,000 today it is over 15,000. The overall spending price in the Canadian justice system rose 23% in the last decade, it currently costs an average of $110,000 per year to house a male inmate which is nearly twice as much to house an female inmate. The federal budget for the correctional service of Canada has increased 40% to $2.6 billion in the last 5 years most of being spent on having to build 2,700 new cells. Many inmates held in the correctional facility are elderly or sick; they require health care by law, which costs the system $210 million. It is because of these reasons that it would be in the best interest to move Canadian prisons over to the private sector.
With the…...

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