SlideShare a Scribd company logo

Public goods

•Download as DOCX, PDF•
•
Aquinas College Economics Department
Aquinas College Economics Department

AQA, Aquinas, Economics, ECON1, Markets, Market Failure

Education
1 of 1
ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Public Goods Answer all the questions below 1. Define the term public good 2. Give appropriate examples of public goods 3. Explain the concept of the free rider problem 4. What is meant by quasi public goods

Recommended

Public goods
Public goodsPublic goods
Public goodsKevin A
 
Public Goods and Private Goods
Public Goods and Private GoodsPublic Goods and Private Goods
Public Goods and Private Goodstutor2u
 
Public good ppt
Public good pptPublic good ppt
Public good pptwannaphong durongkaveroj
 
Public,private and merit goods
Public,private and merit goodsPublic,private and merit goods
Public,private and merit goodsCHOWDAPPA V A
 
Topic 4 externalities and public goods
Topic 4 externalities and public goodsTopic 4 externalities and public goods
Topic 4 externalities and public goodsManon Cuylits
 
Public finance -
Public finance -Public finance -
Public finance -Dave Rana
 
Tutor2u - Market Failure – Public Goods
Tutor2u - Market Failure – Public GoodsTutor2u - Market Failure – Public Goods
Tutor2u - Market Failure – Public Goodstutor2u
 
The power of sharing in business
The power of sharing in businessThe power of sharing in business
The power of sharing in businessMarcelo Honores
 

Recommended

Public goods
Public goodsPublic goods
Public goodsKevin A
 
Public Goods and Private Goods
Public Goods and Private GoodsPublic Goods and Private Goods
Public Goods and Private Goodstutor2u
 
Public good ppt
Public good pptPublic good ppt
Public good pptwannaphong durongkaveroj
 
Public,private and merit goods
Public,private and merit goodsPublic,private and merit goods
Public,private and merit goodsCHOWDAPPA V A
 
Topic 4 externalities and public goods
Topic 4 externalities and public goodsTopic 4 externalities and public goods
Topic 4 externalities and public goodsManon Cuylits
 
Public finance -
Public finance -Public finance -
Public finance -Dave Rana
 
Tutor2u - Market Failure – Public Goods
Tutor2u - Market Failure – Public GoodsTutor2u - Market Failure – Public Goods
Tutor2u - Market Failure – Public Goodstutor2u
 
The power of sharing in business
The power of sharing in businessThe power of sharing in business
The power of sharing in businessMarcelo Honores
 
IMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINALIMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINALAudrey Shore
 
MARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMMARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMJasna3134
 
introduction to public finance
introduction to public finance introduction to public finance
introduction to public finance Abd ELRahman ALFar
 
Public vs private goods
Public vs private goodsPublic vs private goods
Public vs private goodsSufyan Zamir
 
Free rider problem
Free rider problemFree rider problem
Free rider problemThảo Anh
 
Private vs Public sector
Private vs Public sectorPrivate vs Public sector
Private vs Public sectorJahanzeb Memon
 
Presentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.rPresentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.rknmbcomtax
 
Chapter 9- public finance for BBA
Chapter 9- public finance for BBAChapter 9- public finance for BBA
Chapter 9- public finance for BBAginish9841502661
 
Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Aquinas College Economics Department
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short runAquinas College Economics Department
 
The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long runAquinas College Economics Department
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firmsAquinas College Economics Department
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firmsAquinas College Economics Department
 
Technological change
Technological changeTechnological change
Technological changeAquinas College Economics Department
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theoryAquinas College Economics Department
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & ControlAquinas College Economics Department
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic ProblemAquinas College Economics Department
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of incomeAquinas College Economics Department
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate DemandAquinas College Economics Department
 
Production
ProductionProduction
ProductionAquinas College Economics Department
 
The supply curve
The supply curveThe supply curve
The supply curveAquinas College Economics Department
 
Price determination
Price determinationPrice determination
Price determinationAquinas College Economics Department
 

More Related Content

Viewers also liked

IMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINALIMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINALAudrey Shore
 
MARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMMARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMJasna3134
 
introduction to public finance
introduction to public finance introduction to public finance
introduction to public finance Abd ELRahman ALFar
 
Public vs private goods
Public vs private goodsPublic vs private goods
Public vs private goodsSufyan Zamir
 
Free rider problem
Free rider problemFree rider problem
Free rider problemThảo Anh
 
Private vs Public sector
Private vs Public sectorPrivate vs Public sector
Private vs Public sectorJahanzeb Memon
 
Presentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.rPresentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.rknmbcomtax
 
Chapter 9- public finance for BBA
Chapter 9- public finance for BBAChapter 9- public finance for BBA
Chapter 9- public finance for BBAginish9841502661
 

Viewers also liked (8)

IMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINALIMPACT_Winter2016_FINAL
IMPACT_Winter2016_FINAL
 
MARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEMMARKET FAILURE AND FREE RIDER PROBLEM
MARKET FAILURE AND FREE RIDER PROBLEM
 
introduction to public finance
introduction to public finance introduction to public finance
introduction to public finance
 
Public vs private goods
Public vs private goodsPublic vs private goods
Public vs private goods
 
Free rider problem
Free rider problemFree rider problem
Free rider problem
 
Private vs Public sector
Private vs Public sectorPrivate vs Public sector
Private vs Public sector
 
Presentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.rPresentation1.ppt abhijith.k.r
Presentation1.ppt abhijith.k.r
 
Chapter 9- public finance for BBA
Chapter 9- public finance for BBAChapter 9- public finance for BBA
Chapter 9- public finance for BBA
 

More from Aquinas College Economics Department

More from Aquinas College Economics Department (20)

Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short run
 
The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long run
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firms
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firms
 
Technological change
Technological changeTechnological change
Technological change
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theory
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & Control
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic Problem
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of income
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate Demand
 
Production
ProductionProduction
Production
 
The supply curve
The supply curveThe supply curve
The supply curve
 
Price determination
Price determinationPrice determination
Price determination
 
The demand curve
The demand curveThe demand curve
The demand curve
 
CC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.ukCC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.uk
 
Unemployment
UnemploymentUnemployment
Unemployment
 
The Phillips Curve
The Phillips CurveThe Phillips Curve
The Phillips Curve
 
International Trade
International TradeInternational Trade
International Trade
 
Inflation and Deflation
Inflation and DeflationInflation and Deflation
Inflation and Deflation
 

Recently uploaded

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxVishalSingh1417
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxVishalSingh1417
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfAdmir Softic
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Shubhangi Sonawane
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfChris Hunter
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingTeacherCyreneCayanan
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesCeline George
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.MateoGardella
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 

Recently uploaded (20)

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
Ecological Succession. ( ECOSYSTEM, B. Pharmacy, 1st Year, Sem-II, Environmen...
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Making and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdfMaking and Justifying Mathematical Decisions.pdf
Making and Justifying Mathematical Decisions.pdf
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docxpsychiatric nursing HISTORY COLLECTION .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.Gardella_Mateo_IntellectualProperty.pdf.
Gardella_Mateo_IntellectualProperty.pdf.
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 

Public goods