Government Contracts

Throughout the 1990s the U.S. government has expended some $200 billion annually, or between 2 and 3 percent of U.S. gross domestic product, through more than 20 million contracts to procure goods and services from private-sector firms. Slightly more than half of this amount (around 55 percent) has gone for services, with the rest going to acquire products. All of this buying is done through a highly decentralized, and often confusing,...

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