Governments often subsidise goods and services that society appears to value more highly than the individual consumer does. These goods and services are called:

Name: Governments often subsidise goods and services that society appears to value more highly than the individual consumer does. These goods and services are called:
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Question

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Merit goods are those that are deemed socially desirable by the government and are often subsidized to encourage consumption, as individuals may undervalue their benefits.

Governments Often Subsidise Goods and Services That Society Appears to Value