Unit 2.9: Public goods

IB Economics: Unit 2.9: Public goods

Public goods or pure public goods are goods that bring significant social benefits to society but cannot be provided by the free market. They are market failure, which means the government needs to intervene in the market to ensure they are provided. Because they bring significant social benefits we also consider them to be merit goods.The link to the attached pdf is revision material from Unit 2.9: Public goods. The...


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