what is the advantage of collective provision of good and services?
Answers
Collective security for the whole locality is cheaper than individual security to each house. For example a pond or a playground for all people will be cheaper than individual ones.
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The government provides goods and services instead of, or in addition to, the market. Community goods, e.g. defence, street lighting, flood control, because: they are not divisible according to individual preferences; there is non-excludability for ‘free-riders’. Collective goods which, although indivisible, can exclude ‘free-riders’ by fees or tolls, e.g. parks, museums, motorways, bridges. These are usually provided free because: collection costs relative to revenue are high; they exhibit ‘non-rivalry’ since use by one person does not impose a sacrifice on others; that is, because benefits are only maximised when .Merit goods, e.g. education, health care, to ensure adequate consumption, otherwise external costs could result. There may be no charge, e.g. vaccination. Internalisation of widespread externalities, e.g. urban renewal, or where large initial capital is requir
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