which economy
alone cannot provide public goods
like efficient electricity grids, sanitation or
public transportation
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Answer:
alone cannot provide public goods
like efficient electricity grids, sanitation or
public transportation
Answered by
0
A market place can not provide public goods.
- The majority of economic arguments for government intervention are founded on the premise that the market is incapable of providing public goods.
- Further they are not very efficient for dealing with externalities and can not stand alone provide infrastructure, sanitation etc.
- Public goods include public health and welfare programs, education, transport, research and development, roads and highways, national and domestic security, and a clean environment.
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