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Public Goods

Public Goods

Is public transportation a public good? How about national defense? Knowing the characteristics of public goods will help you understand why private firms excel at producing private goods, but they have little incentive to produce public goods. Rather, if society wants public goods, government must produce them. This episode of The Economic Lowdown defines the characteristics of private and public goods and explains why these characteristics help determine who is best positioned to produce each.
Keywords:
AP Economics, Government, Podcast
Disciplines:
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More about this material

Material Type:
Reference Material
Date Added to MERLOT:
February 11, 2020
Date Modified in MERLOT:
February 11, 2020
Author:
 
Submitter:
Adrienne Brennecke
Primary Audience:
Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:
Audio File (e.g. Podcast)
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International

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