A Research Firm Regarding For Profit Essay - 1703 Words

Preface: Thomas Kane, I am writing this letter to you to inform you of the findings of my research firm regarding for-profit, also known as private, prisons. I personally hold a Ph.D. in Sociology and am the CEO of the research firm that is providing this information. I hope that this letter helps you to decide to cut down on the number of privately owned prisons in the United States. Introduction: With such a large population in our country, it is no surprise that we have many prisons here in the United States; large numbers of crimes are committed every day, some more severe than others, and the people arrested and charged with these crimes must be kept in prisons. According to Sociology: The Essentials by Andersen, Taylor and Logio (2015), state â€Å"...is an organized system of power and authority in society† (pg. 376). Within the state is the government, military, courts, laws, police forces, and prisons (Andersen, M.L., Taylor, H.F., Logio, K.A., 2015). Why is it, then, that prisons are allowed to be privatized when they are defined as a part of the state? Do the private prisons still function within the best interests of our nation? Unfortunately, outsourcing a portion of the state to a private entity is not the only complaint to be heard. Private prisons do not always meet the same standards that federally owned prisons do; they are driven by the lucrative business that prisons provide and try to save money wherever possible to increase their profits. TheseShow MoreRelatedEffects Of Abnormal Profits On The Long Run Essay1530 Words   |  7 Pages2. Abnormal Profits in the Long Run Normal Profit occurs when the average revenue is equal to the average total cost. Abnormal profit is therefore defined as extra profit above normal profit. In the long run, oligopolies make abnormal profits, due to the assumption of high barriers to entry. 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