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Wewaii [24]
2 years ago
5

Why don't private businesses often develop public goods? Why do we rely on the government to provide these?

History
1 answer:
lara [203]2 years ago
3 0
Because the private market is profit-driven, it produces only those goods for which it can hope to earn a profit. That is, it will not produce public goods.
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The passage below is from President George Washington’s “Farewell Address” (1796).
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Hope that helped!
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