A good or service that private enterprise decides not to offer because it cannot be produced profitably, and that, being beneficial to society as a whole, is provided by the state.
« Back to Glossary IndexPublic good
« Back to Glossary Index
A good or service that private enterprise decides not to offer because it cannot be produced profitably, and that, being beneficial to society as a whole, is provided by the state.
« Back to Glossary Index