Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as chapter 16

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Watson

Social Studies

27 November, 03:18

Goods or services that are provided by the government because they are not supplied or insufficiently supplied by the market are known as chapter 16

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Abraham Mills · Answer 1

Public goods

Explanation:

Public goods can be defined as the goods that are not supplied naturally or by the government because there is no market for the supply of such goods so that they can be availed from there.

Thus the government is responsible for the sufficient supply of these goods. Such goods includes the national defense, highways, streetlights, etc.