Outcome-Based Funding for Social Development: A Theoretical Critique (Part I)
- January 18, 2022
In cases where the private gain is greater than the private cost, one can expect for-profit organizations to invest, even in education and healthcare. This is evident from the functioning of fee-paying private schools or self-financing colleges. However, education and healthcare may require other actions too wherein social gains are more than private gains, and private gains are less than the private costs. For-profit organizations are less likely to engage with such activities.
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