Define the term capital budgeting within your definition


1. Define the term capital budgeting. Within your definition, discuss substantively three strategic economic resource allocation issues that affect law enforcement entities and the justice system when capital investment decisions are contemplated.

2. Within your locality, identify three capital budgeting issues that were contemplated within the justice system or among law enforce- ment entities. For each of these initiatives, discuss the characteristics of the problem domain and why certain capital initiatives were undertaken and others were abandoned.

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Microeconomics: Define the term capital budgeting within your definition
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