Public goods/Definition: Difference between revisions

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Products and services, such as lighthouses and national defence,  that can only be collectively-financed  because it is not feasible to require each user to pay for their use.
Products and services that can only be collectively financed  because it is not feasible to require individual users to pay for using them.

Latest revision as of 03:36, 28 October 2009

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A definition or brief description of Public goods.

Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.