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One reason that national defence is a classic example of a public good is that

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One reason that national defence is a classic example of a public good is that

One reason that national defence is a classic example of a public good is that

▸ it would be immoral for private firms to provide this essential commodity.

▸ all citizens want national defence.

▸ military technology is too expensive for private firms to provide.

▸ the benefits that accrue to one person do not diminish the benefits available to others.

▸ society deems it to be too important to be provided by the private sector.

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Microeconomics

Edition: 17^th

Author: Ragan

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Brilliant ツ

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