Question

The best and the cheapest way to provide goods and services is collective provision explain

Answer 1

Answer:

For many important things in life the best way, also the cheapest way is to provide goods and services collectively......

1. Example:

it is cheaper and better to have a security personnel for the whole locality than for each house..

2. it is better if government provides these services as they provide them cheaper and more efficient then private...

3. only if all people in a particular locality are interested to get educated government can provide these.....