Merit goods are goods that governments feel without subsidies or extra taxes would be under or over consumed.

Name: Merit goods are goods that governments feel without subsidies or extra taxes would be under or over consumed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Merit goods are goods that are considered beneficial for the society as a whole, but might not be consumed sufficiently by individuals on their own without intervention. Hence, governments might subsidize or provide extra tax incentives to encourage consumption.

Merit Goods Are Goods That Governments Feel Without Subsidies or Extra