Video : Public Goods and Services

Public goods are those goods and services provided by the government because a market failure has occurred and the market has not provided them. Sometimes it is in our benefit to not allow for a market provision.

We should always ask whether or not a good is best provided by the market.
 
The Monty Python’s Life of Brian clip is a good introduction into a discussion into what goods and services might be provided directly or indirectly by the state.
 

 
 
 
 

Advertisements

About benvitalis

math grad - Interest: Number theory
This entry was posted in Culture. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s