Public goods/Definition: Difference between revisions
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Products and services, such as lighthouses and national defence, that can only be financed | Products and services, such as lighthouses and national defence, that can only be collectively-financed because it is not possible to devise a pricing system that would enable them to be marketed. | ||
Revision as of 10:29, 26 October 2009
Products and services, such as lighthouses and national defence, that can only be collectively-financed because it is not possible to devise a pricing system that would enable them to be marketed.