The production of a good or service by an authority that receives the most of its revenue from the government is referred to as
A) public provision.
B) private subsidies.
C) vouchers.
D) copyrights.
E) Coasian production.

Question

Quizplus · Accepted Answer

Public provision refers to the production of a good or service by a government authority that receives most of its revenue from the government. This is in contrast to private provision, where a business or individual produces a good or service for profit. Private subsidies, vouchers, copyrights, and Coasian production are not directly related to the concept of public provision.

The Production of a Good or Service by an Authority