provider of public goods and service

Cards (1)

  • explain
    • can provide goods like transportation, education and healthcare
    • too risky and unprofitable for private firms
    • by providing education, it leads to highly-skilled labour force and they are forced to innovate, helping businesses to grow, leading to greater productivity
    • by providing good transportation routes, the well-connected roads can allow efficient transport of raw materials
    • government must manage its fiscal budget well to ensure that all citizens have access to public goods