Question

Government provision of goods and services that cannot easily be provided through markets because it is difficult to establish a one-to-one link between payment and consumption of the good is referred to as the

Answer 1

Government provision of goods and services that cannot easily be provided through markets because it is difficult to establish a one-to-one link between payment and consumption of the good is referred to as public goods.

Step-by-step explanation:

Government provision of goods and services that cannot easily be provided through markets because it is difficult to establish a one-to-one link between payment and consumption of the good is referred to as public goods. Public goods are non-excludable, meaning it is impossible or costly to exclude people from using them, and non-rival, meaning one person's use does not diminish its value for others. Examples of public goods include national security and education, which are provided by the government because private companies find it difficult to charge for these goods.