Public goods/Definition: Difference between revisions

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Commodities or services, such as fresh air and national defence  that have to be provided by governments, because it is not possible to devise a pricing system to enable them to be marketed.
Commodities or services, such as lighthouses and national defence  that can only be provided by governments because it is not possible to devise a pricing system to enable them to be marketed.

Revision as of 06:57, 26 October 2009

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A definition or brief description of Public goods.

Commodities or services, such as lighthouses and national defence that can only be provided by governments because it is not possible to devise a pricing system to enable them to be marketed.