What is Public-private partnership?
A '''public-private partnership''' is a [[contract]] between the [[public sector]], or [[government]], and a private [[company]]. The purpose for such public-private [[:wikt:partnership|partnerships]] is to provide [[public service]]s, like [[education]] and [[transportation]]. This is without changing the private [[business]] into a government-operated service. One way of doing this is to allow the government to pay the business for providing free services to the public. The business provides the services for free and then charges the government for [[:wikt:compensation|compensation]], in which the government agrees. Supporters of public-private partnerships argue that it reduces inefficiency and provides the [[free market]] with greater flexibility.<ref>''Public-Private Partnerships: Managing Risks and Opportunities'', eds. Akintola Akintoye; Matthias Beck; Cliff Hardcastle (Chichester: John Wiley & Sons, 2008), p. xix</ref> == References == {{reflist}} {{stub}} [[Category:Economics]]