4 ms·
A lot of public goods are that way. What you’ve stated is practically a tautology. “Government subsidy” just means the public is paying for it. Other things tha
by janalsncm 3y ago
A lot of public goods are that way. What you’ve stated is practically a tautology. “Government subsidy” just means the public is paying for it. Other things that fall into that category are universal education, the military, and police.
- s1artibartfast 3y agoFresh water isnt a "public good", technically or economically speaking. A "public good" is a commodity that is neither rival or excludable. This means that the quanity or quanity is not deminished by people using it, and that you cant prevent anyone from using it. A lighthouse or public radio are examples of public goods. Fresh water, economically speaking, is a classic private good. It gets consumed as someone uses it, and can people can be easily restricted from acess if they dont pay. https://en.wikipedia.org/wiki/Public_good_(economics)#Definition_matrix https://en.wikipedia.org/wiki/Public_good_(economics)#Defini...
- s1artibartfast 3y ago*quantity or quality