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...

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.