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Is the reason the market tends to under produce public goods is so that such goods exhibit rivalry in consumption?
because of the bomb
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
What are factories in Mexico that produce goods for US markets?
They are known as maquiladoras.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
Why does the government have to produce public goods?
to protect people
Is the reason the market tends to under produce public goods is so that such goods exhibit rivalry in consumption?
because of the bomb
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
What type of items are sold at public markets?
Typical items sold as public markets include baked goods, fresh produce, dairy products, locally raised meats, various other food products, handcrafted products and clothing.
What are factories in Mexico that produce goods for US markets?
They are known as maquiladoras.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
Does the homebuilding industry produce public goods or private goods?
service industry
Why does the government have to produce public goods?
to protect people
What are examples of public goods?
If you mean public goods those goods produce by a public company then ,there are various public goods available in the market .like-Petrol,diesel by IOC ; Paper by HPCL( Hindustan Petro Chemical limited)...etc
What are some examples of public goods?
If you mean public goods those goods produce by a public company then ,there are various public goods available in the market .like-Petrol,diesel by IOC ; Paper by HPCL( Hindustan Petro Chemical limited)...etc
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.
The market system does not produce public goods because?
They belong to the government.
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.
