Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as

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05-07-2022
Business

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Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as

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Ewomazinoadeidn Ewomazinoadeidn · Answer 1 · 2022-07-11T10:58:11-04:00

The good produced by the government because it is inefficiently supplied by the market is known as a public good.

What is a public good?

A public good is a good that is non excludable and non-rivalrous. Public goods are usually produced by the government because they are too expensive to be produced by the market or because the market produces them inefficiently.

To learn more about public goods, please check: https://brainly.com/question/12390476

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What is a public good?

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