This refers to goods that are non-rivalrous and non-excludable in consumption. They are typically under-supplied by the market as individuals under-consume them for fear of free-riders, so authorities typically intervene to provide them.
This refers to goods that are non-rivalrous and non-excludable in consumption. They are typically under-supplied by the market as individuals under-consume them for fear of free-riders, so authorities typically intervene to provide them.