yes
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
creat jobs
Indirect tools - the provision of public goods and services by nongovernmental partners through instruments like grants, contracts, regulations and special tax provisions
defense and law enforcement (including the system of property rights), public fireworks, lighthouses, clean air and other environmental goods, and information goods, such as software development, authorship, and invention.
taxes ,income, labor
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
Public goods can best be described as services provided by the government to benefit all citizens.
There are many examples of state government providing public goods and services. Some of these include fireworks, street lights, and providing recycle bins for residents.
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
Public goods are non-excludable, so they suffer from a free-rider problem.
marginal cost not equal to 0
The public goods the government provides suffer from a free-rider problem.
yes
The public goods the government provides suffer from a free-rider problem.