Difference between revisions of "Merit good"

Revision as of 18:06, March 2, 2008

A merit good is a STUPID CREATIONIST!

Revision as of 17:06, October 7, 2007 (view source) Aschlafly (talk \| contribs) (undeadend) ← Older edit		Revision as of 18:06, March 2, 2008 (view source) Danuel (talk \| contribs) (Replacing page with 'A '''merit good''' is a STUPID CREATIONIST!') Newer edit →
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−	A '''merit good''' is a product ([[good]]) or service that some elite deems so desirable that the [[government]] intervenes, even though markets could satisfy consumer wants efficiently. However, if left to the individuals ability to pay, these services would not be produced in sufficient quantities. This would be undesirable for a society that benefits from a well educated, healthy and housed population. The state is concerned with maximizing the consumption of certain goods which it deems to be desirable; goods and services where the social benefits exceed the private benefits. Examples are public hospitals, libraries, parks and municipal golf courses.	+	A '''merit good''' is a STUPID CREATIONIST!
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−	~~[[category:economics]]~~