Econs :Explain why the government has to provide public goods and discuss problems associated with these goods
Answer:
The government does not have to provide public goods. It can only do that through FORCIBLY taking the earnings of one person and giving it to another.
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
-Thomas Jefferson
public goods is a form and way to return the benefits back to the society.
disadvantage is as the goods are public, some of the benefits will flow outward.
but frankly, it is NOT a total disadvantage if the outward flow of public goods are returned in benefits back to the internal society after some time flowing through the world globally.
it is a global world!
just presuming!
mercury of love
Some goods(or services, such as national defense) would not be provided by private individuals.
The drawback to public goods and services is that the costs are often hidden to the users, so the demand is often higher than it would be in the free market.
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