Question

Explain why public goods must be provided by the government?

Answer 1

1. Public goods are those goods and services for which consumption by some individuals does not reduce the amount available to others.

2. For example parks,roads,water,bridges,national defense etc..

3. these goods are non-rival and non-excludable ones.

4. people receives benefits from public goods but do not pay for them.Such a goods can only prepared by government.