A free rider problem
A free-rider problem.
public goods would be overproduced
The public sector is the part of the economy that finances public goods.
Public goods are goods meant for everyone to share. Private goods are goods meant for one person or one small group of people.
A free-rider problem.
A free-rider problem.
A free rider problem
A public good can be defined as a shared benefit at a societal level.
Excludability
Excludability