Governments are fighting to balance their budgets. Therefore, there is a need examine the costs and benefits of the alternatives available for reducing costs and increasing revenues. One alternative is to privatize some of the services, for instance, prisons. Construction of public prisons and privatization of public prisons have advantages and disadvantages. Competition driven, innovation and reduced costs are some of the factors that should be considered when evaluating the available options. This paper discusses the advantages and disadvantages of private prisons vis-à-vis public prisons. There is a general concession that private prisons save reduce government expenditure on prisons. ...
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