Public goods: Difference between revisions
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'''Public goods''' are commodities or services, such as | '''Public goods''' are 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. | ||
==The origins of the concept== | ==The origins of the concept== | ||
Revision as of 07:58, 26 October 2009
Public goods are 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.