The Difference Between a Public Good and a Private Good
- Created by: ajcb16
- Created on: 13-11-19 09:13
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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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