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What is the best example of a public good, and why is it considered as such?

One of the best examples of a public good is national defense. National defense is considered a public good because it is non-excludable, meaning that everyone benefits from it regardless of whether they contribute to its funding. Additionally, it is non-rivalrous, meaning that one person's consumption of national defense does not diminish its availability for others. This makes it difficult for private markets to provide national defense efficiently, leading to government provision of this public good.


Is National Defense an example of public good?

No.


What are Two reasons national defense is a public good?

National defense is considered a public good because it is non-excludable and non-rivalrous. This means that once national defense is provided, it protects all citizens regardless of whether they contribute to its funding, and one person's security does not diminish the security available to others. Additionally, the benefits of national defense extend beyond individual citizens to society as a whole, creating a stable environment essential for economic growth and social well-being.


Can national defense be a public good?

Yes, national defense can be considered a public good because it is non-excludable and non-rivalrous. Once a country establishes military protection, it benefits all citizens regardless of whether they contribute to funding it, and one person's safety does not diminish another's. This characteristic leads to potential underfunding, as individuals may rely on others to pay for defense, resulting in a classic free-rider problem. Consequently, governments typically step in to ensure adequate funding and provision of national defense.


Why is not accurate to think of public education national defense and police and fire department as free services?

It is not accurate to think of public education, national defense, and police and fire department as "free" services because they are paid for by taxes.


In an economic function what is equity?

In an economic function, equity is when the appointment of resources is considered fair. Government economic functions include providing public services and maintain a national defense.


Why is national defense considered a public good?

First, you need to know what is a public good.A public good is by definition something non-rival and non-excludable.Non-roval means that somebody can have the good and you can have it at the same time.Non-excludable means nobody can deny you the access to the good.That said, we can say that National Defense is a public good if we consider it only provides deterrence from another attack. That because everybody can profit of the deterrence at the same time and because no other citizen can deny you the protection offered by the national defense.Voilà!


What problem makes public goods necessary?

Everyone is required to pay taxes to the national government. In return we get protection from the military or national defense.


Things like national defense, clean air and the interstate highway system are examples of?

public goods


What are the duties and responsibilities of department of national defense?

The duties and responsibilities of department of national defense are quite many. The mainly include ensuring public safety and protecting the country against any form of attacks among others.


What function is national defense?

National defense is a public good, meaning it must be supplied to all citizens. It functions to protect all citizens within a country from threats coming in from without. It is the first and most important function granted to the national government. Without national defense a country cannot defend itself from foreign threats and would fail as a state.


What are some things that would be considered a public good?

yellowstone national park