Public goods/Definition: Difference between revisions

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Commodities or services, such as lighthouses and national defence  that can only be provided by governments because it is not possible to devise a pricing system to enable them to be marketed.
Products and services, such as lighthouses and national defence  that can only be provided by governments because it is not possible to devise a pricing system to enable them to be marketed.

Revision as of 08:39, 26 October 2009

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A definition or brief description of Public goods.

Products and services, such as lighthouses and national defence that can only be provided by governments because it is not possible to devise a pricing system to enable them to be marketed.