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The free market is incapable of providing these essential goods.
Private companies cannot profit by providing them.

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11y ago
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Private companies cannot profit by providing them.

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Q: Why do governments provide public goods?
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Related questions

Can the market provide a public good on its own?

can the market provide a public goods on its own? government policies about public goods?


What kind of services do governments provide that people cannot provide for?

PUBLIC


What is another term for payments of money toward governments for public goods?

Taxes


Why is it difficult for private industry to provide public goods?

Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.


What goods and service should the public sector provide?

This is one of the basic economic questions. But these judgments are based on decisions governments make, maybe in a year or even in a day. They may choose to provide better education and healthcare, or improve the public transportation system.


For which expense do state governments provide financial help to their local governments?

Education and public schools


In what case does state governments provide financial help to their local governments?

Education and public schools


Why are private companies unlikely to provide public goods'?

The non-excludability of public goods makes it difficult to profit from them.


Why is there a tax on imported goods?

Taxes on foreign goods provide many governments a way of collecting revenue without creating the public outrage typically associated with increasing income taxes, sales taxes, or other more direct taxation methods.


What are City Governments created to do?

to provide masses of people with certain public services.


When might it be desirable for a government to act as producer of goods and services with regards to economics?

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.


The government needs to provide to provide public goods for what reason?

private companies can not benefit by providing them