Government Finance in the United States
Government Finance in the United States
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The aim of a public enterprise is not profit, but public service. The books of a pri- vate enterprise are kept in such a manner as to show the " investment, " and the current products or earnings from which, after deducting costs, the profits are derived. Thus a private school, properly run, keeps books which show the cost or value of the plant in lands and buildings and in equipment, and it charges as costs not merely the salaries of teachers and other employees, but interest on the investment.... It measures success in terms of the difference between the tuition fees received and all these costs. No matter how much pride the management may have in the high quality of the education offered, the funda- mental reason for maintaining and improving the quality of instruction is the desire to draw more pupils and to make more money. Contrast with this the running of the public Economics of Government 15 schools. Once the bonds, if there were any, which were issued to raise money for buildings, have been paid, it no longer serves any practical purpose, generally recognized, to keep an ac- count of the investment.
What to read after Government Finance in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Plehn, Carl C. (Carl Copping), 1867- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The aim of a public enterprise is not profit, but public service. The books of a pri- vate enterprise are kept in such a manner as to show the " investment, " and the current products or earnings from which, after deducting costs, the profits are derived. Thus a private school, properly run, keeps books which show the cost or value of the plant in lands and buildings and in equipment, and it charges as costs not merely the salaries of teachers and other employees, but interest on the investment.... It measures success in terms of the difference between the tuition fees received and all these costs. No matter how much pride the management may have in the high quality of the education offered, the funda- mental reason for maintaining and improving the quality of instruction is the desire to draw more pupils and to make more money. Contrast with this the running of the public Economics of Government 15 schools. Once the bonds, if there were any, which were issued to raise money for buildings, have been paid, it no longer serves any practical purpose, generally recognized, to keep an ac- count of the investment.
What to read after Government Finance in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Plehn, Carl C. (Carl Copping), 1867- to read onlineMoreLess
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