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The government needs to provide to provide public goods for what reason?
Wiki User
∙ 8y ago
private companies can not benefit by providing them
Anonymous
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When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
Match each role with the action performed by people playing that role.?
consumer-provide labor and investment producer-provide individual goods government-provide public goods
A government that operates a market economy MIGHT become involved in the economy?
to provide public goods and services to its citizens.
Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
Why are private companies unlikely to provide public goods'?
The non-excludability of public goods makes it difficult to profit from them.
Can the market provide a public good on its own?
can the market provide a public goods on its own? government policies about public goods?
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
What are the public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
What are public sectors?
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
Match each role with the action performed by people playing that role.?
consumer-provide labor and investment producer-provide individual goods government-provide public goods
How do government play a role in a economic flow?
They use taxes to provide public goods and services.
A government that operates a market economy MIGHT become involved in the economy?
to provide public goods and services to its citizens.
Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
Why are private companies unlikely to provide public goods'?
The non-excludability of public goods makes it difficult to profit from them.
Can private markets provide public goods?
Private markets can provide public goods when it becomes commercially beneficial for them to do so. Look at defence for an example. This area of government responsibility is increasingly being undertaken by the private sector. The requirements of something being classified as being a public good does not include it being a loss-making enterprise.
Why does the government have to produce public goods?
to protect people
How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
