Public goods are goods that benefit everyone in society, and their consumption is non-excludable and non-rivalrous. The provision of such goods may be underfunded or not provided at all by the market because of the free-rider problem.
Public goods are goods that benefit everyone in society, and their consumption is non-excludable and non-rivalrous. The provision of such goods may be underfunded or not provided at all by the market because of the free-rider problem.