Home / Series / Economics, 3rd Edition / Aired Order / Season 1 / Episode 14

Public Goods

Public goods, like national defense or basic scientific research, are "nonexcludable" and "nondepletable." Potential sellers cannot exclude people from using them, and they are not used up as more people use them. Markets often do a poor job of producing public goods, so there is a case for government action.

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  • Network The Great Courses
  • Created June 1, 2024 by
    imhotep79
  • Modified June 3, 2024 by
    Estefania Baleiron TVDB