a. Using examples, explain the characteristics of public goods and merit goods. b. Discuss why in many

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a. Using examples, explain the characteristics of public goods and merit goods.

b. Discuss why in many countries certain types of education and health care are provided as private goods and not as merit goods.

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Cambridge International AS And A Level Economics Coursebook

ISBN: 9781107679511

3rd Edition

Authors: Colin Bamford, Susan Grant

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Question Posted: Sep 14, 2021 01:18 AM

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a. Using examples, explain the characteristics of public goods and merit goods. b. Discuss why in many

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Characteristics of public goods and merit goods Public goods Definition Public goods refer to the type of goods that are for all people No one gets excluded from using any public good Everyone is accu...View the full answer

Cambridge International AS And A Level Economics Coursebook

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