Raising the living standards of the poor is a public good if people are not concerned about poverty.

Question

Quizplus · Accepted Answer

Raising the living standards of the poor may not be perceived as a public good by individuals who are not concerned about poverty. A public good is a good that is non-rivalrous (i.e., consumption by one individual does not reduce its availability to others) and non-excludable (i.e., it is difficult or impossible to prevent others from enjoying its benefits). An example of a public good related to poverty reduction would be public education, as everyone can benefit from an educated population regardless of whether they themselves have access to education.

Raising the Living Standards of the Poor Is a Public