Public goods/Definition: Difference between revisions

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Commodities or services, such as fresh air and national defence  that have to be provided by governments, because it is not possible to devise a pricing system to enable them to be marketed.
Products and services that can only be collectively financed  because it is not feasible to require individual users to pay for using them.

Latest revision as of 04:36, 28 October 2009

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A definition or brief description of Public goods.

Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.