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

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asked Jun 26, 2023 51.8k views

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Nerissa · Answer 1 · 2023-06-30T14:02:27+0000

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.

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

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