Business has been accused of overselling private goods at the expense of public goods because as private goods increase,they require more public services that are usually not forthcoming.

Question

Quizplus · Accepted Answer

Private goods are those that are exclusive and provide benefits to individuals or businesses. However, increased consumption of private goods leads to a greater demand for public goods, which are goods and services that benefit the entire society, such as public transportation or public education. Business may oversell private goods at the expense of public goods because they do not directly benefit from the provision of public goods, which are usually the responsibility of the government. As a result, public goods may be undervalued and underfunded, leading to a shortage of services that benefit society as a whole.

Business Has Been Accused of Overselling Private Goods at the Expense