Why don't private businesses often develop public goods? Why do we rely on the government to provide these?

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06-05-2022
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Why don't private businesses often develop public goods? Why do we rely on the government to provide these?

Sagot :

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looooo41 looooo41 · Answer 1 · 2022-05-06T20:27:55-04:00

looooo41 looooo41

06-05-2022

Because the private market is profit-driven, it produces only those goods for which it can hope to earn a profit. That is, it will not produce public goods.

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