Register
Why don't private businesses often develop public goods? Why do we rely on the government to provide these?
51.8k views
20 votes
Why don't private businesses often develop public goods? Why do we rely on the government to provide these?

User Marces Engel
by
5.7k points

1 Answer

10 votes
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.
User Nerissa
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

Which colonies were included in the middle colonies
North or south? during the civil war, the had the advantage of harboring 90 percent of the county's industries.
Laws of Conquest” in the new world were put in place by the _______. A. English B. Irish C. Spanish
What was nintendo befor it was a videogame compony
Which policy did the United States implement in postwar Japan?
Link Copied!