What is the difference between public goods and private goods and why government action is necessary to ensure the provision of public goods

Question

01-05-2022
Social Studies

Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

What is the difference between public goods and private goods and why government action is necessary to ensure the provision of public goods

Sagot :

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.

_____ were used by the church to support the parishes.

after the reformation and counter reformation, religious tolerance was prevalent throughout the world. True or False?

In the early 20th century, Japan stunned the Western world by defeating what Western nation?

Why was slavery important to the economy in the South before the Civil War? It was forbidden for white people to do work in the South. There was a shortage of l

according to the school rules, Carol has to convince 60% of her classmates to vote for her in order to be elected class president. there are 32 students in her

Why did so many leisure activities become very popular at the end of the nineteenth century A. The newspapers began advertising leisure activities. B. People ha

How to multiple mixed numbers

What is the equivalent decimal for 11/10

Why did farming develop between the Tigris and Euphrates rivers? A. because it is a marshy swamp B. because palm trees grew along the riverbanks C. because smal

Which statement accurately describes the Romantic movement? A. Romanticism grew from the classical ideals of Greece and Rome. B. Romanticism looked for truth in

hephzibahopeyemi3 hephzibahopeyemi3 · Answer 1 · 2022-05-01T16:17:00-04:00

Answer:

In economics, a public good refers to a commodity or service that is made available to all members of a society.Public goods also refer to more basic goods, such as access to clean air and drinking water.

The opposite of a public good is a private good, which is both excludable and rivalrous.

Explanation:

These goods can only be used by one person at a time — for example, a wedding ring. In some cases, they may even be destroyed in the act of using them, such as when a slice of pizza is eaten. Private goods generally cost money, and this amount pays for its private use.

Sagot :

Other Questions