Public goods are products or services provided by the government because they cannot be effectively supplied by the marketplace.

Name: Public goods are products or services provided by the government because they cannot be effectively supplied by the marketplace.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Public goods, such as national defense or parks, have characteristics of non-excludability and non-rivalry, which make it difficult for private markets to provide them efficiently. Therefore, they are often provided by the government.

Public Goods Are Products or Services Provided by the Government