The Difference Between a Public Good and a Private Good

  • Created by: ajcb16
  • Created on: 13-11-19 09:13

A Public Good is a good that the public can use that does not make a profit.

Public goods cause Government Failure due to missing markets and their nature which does not protect property rights.

Examples of public goods are:

  • Flood Defense Systems
  • The BBC
  • Crime Control for the local community
  • NHS
  • Online…


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