Results for tag: "Public Good"

Public Good markets are a type of economic market in which goods and services are provided to the public without any form of payment. These goods and services are typically provided by the government or other public entities, and are often considered to be of great benefit to society. Examples of public goods include public parks, roads, libraries, and public education. Public Good markets are distinct from private markets, in which goods and services are provided by private companies and individuals in exchange for payment. Public Good markets are also distinct from mixed markets, in which goods and services are provided by both public and private entities. Examples of companies in the Public Good market include public utilities, such as water and electricity providers, public transportation companies, and public health care providers. Other examples include public schools, universities, and museums. Show Less Read more