Explain why governments provide public goods by Vishalini Ragavan https://padlet.com/vshalini/2uvhl6l8t6nlmej6 (4 marks) en-us 2020-10-22 07:26:05 UTC 2025-12-16 23:59:39 UTC hello@padlet.com https://padlet.net/icons/png/1f481-2640.png PTL https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843227 The private sectors are unable to produce these goods to people which would cause them market failure. So the government  collect taxes from public sectors and provide the people public goods.]]> 2020-10-23 02:39:29 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843227 Timothy https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843455 Government provides public goods, because private companies might not want to provide those certain goods that the government provides. This can be due to the private companies not having enough of that particular good.]]> 2020-10-23 02:39:38 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843455 YH https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843701 government provides public goods based on nonexcludable and nonrival because there is a market failure so the government provides people with public goods like schools and highways.

]]> 2020-10-23 02:39:47 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854843701 Rachel https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844387 government provide public goods under two different aspects, one being nonexcludable and the other being non-rivalrous.  Because of this, there is a lack of a profit motive for private sectors to produce these. Therefore the government produce these goods such as street lighting and road signs using money from taxation. ]]> 2020-10-23 02:40:13 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844387 aerin 12605aerin https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844524 All citizens use these public goods, and taxes are used to bring up these goods. It would also not be practical for the private sector to provide goods such as bus stands and public pools. The government gets money out of providing public goods.]]> 2020-10-23 02:40:18 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844524 yik https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844627 2020-10-23 02:40:22 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844627 Yu Xuan 17083yuxuan https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844640 market failure would happen and market wont be able to produce goods and services so the government would provide it. Public goods are economic goods which the government provides such as roads, street lights etc.]]> 2020-10-23 02:40:23 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844640 17086jinglong https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844861 Because the private sectors are unable to produce these goods to the people which would cause them market failure, so the government collect taxes from public sectors and provide the people public goods. Example of public goods are schools, clean drinking water, national defense and etc.]]> 2020-10-23 02:40:31 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854844861 https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854845044 -g-yeen
public goods are provided based on nonexcludable and non-rivalrous, meaning by nonexcludable is one user have to be willing to pay and goods be used by one user and non-rivalrous is when one person used it does not prevent others from using it.
because sometimes market failure happens and the market are unable to produce goods and services so the government step in to lend a hand. public goods economic goods where the government provide as roads, train stations etc.]]> 2020-10-23 02:40:38 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854845044 aleeza https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854846203 Public good are non-excludable where people can benefit from it without paying for it. ]]> 2020-10-23 02:41:24 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854846203 15182precious https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854850892 governments provides public goods because in a public sector, the economic activity directly involves the government such as the provision of state education and healthcare services. the main aim is to provide a service. Public goods are also provided because they are non-rivalrous and non-excludable ]]> 2020-10-23 02:44:20 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854850892 Characteristics of public goods vshalini https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854858915
Non-excludable - cannot exclude non-payers from benefits.

Non-rival - consumption by one person does not reduce consumption by others.]]> 2020-10-23 02:49:18 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854858915 15213david https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854859060 Public goods are goods that can be categorised under non-excludable and non-rivalrous. Consumers will benefit from being provided with public goods and public goods are not affected by other consumers.  Government are more towards profit motive therefore they would produce more public goods. ]]> 2020-10-23 02:49:24 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854859060 Governments provide public goods because the market fails to provide them. Public goods are non-excludable, which causes a free rider problem where people can enjoy the benefits of consuming the good without paying it. As a result, non consumers will pay so private firms cannot make a profit from supplying the good in a market. This occurs with a product like national defence, so it is provided by the government and funded through taxation. vshalini https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854867729 2020-10-23 02:55:02 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854867729 Public goods are goods which are non-excludable so if the good is provided to one consumer, all consumers will receive the benefits. Public goods is also non rival as more and more people consume them, this doesn't reduce their benefits and consumption by one person does not reduce consumption by others. 18155_emilyng https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854875292 2020-10-23 03:00:20 UTC https://padlet.com/vshalini/2uvhl6l8t6nlmej6/wish/854875292