Difference between revisions of "Merit good"
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(New page: A merit good is provided by government to meet a minimum demand and fill a perceived void in the willingness of private companies to provide the good or service. Examples are public hospi...) |
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Revision as of 20:42, April 22, 2007
A merit good is provided by government to meet a minimum demand and fill a perceived void in the willingness of private companies to provide the good or service. Examples are public hospitals, libraries, parks and municipal golf courses.