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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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When reading written work, it's crucial to keep the historical context in mind since it can alter or magnify the subject's overall meaning and disclose details or viewpoints that we otherwise might have missed.

What is Historical context?

  • Historical context is the social, political, cultural, economic, and environmental situations that influence the events or trends we see happen during that time.
  • The Adventures of Huckleberry Finn is one book that provides a good illustration of historical context. This 1884 work by Mark Twain, which was a continuation of another one of his novels, is widely regarded as a great work of satire.
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  • In interpreting work like this, historical context is crucial once more. Only 20 years before the book was published, in 1865, the US formally abolished slavery across the board.

Learn more about the Historical context with the help of the given link:

brainly.com/question/1374572

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Religion was the centre of life or religion guided the education system.
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Church leaders, such as bishops and archbishops, had influential roles in medieval European monarchies and often served as advisers to a country’s king. The church also acted as a counter against monarchs who wanted absolute power, since there was one power the church had over them -- excommunication. An excommunicated king could face leadership challenges from both inside and outside his kingdom, without the condemnation of church leaders. A clear example of this is King John of England, who was excommunicated from the Catholic Church in the 13th century after a dispute with Pope Innocent III. After encountering numerous difficulties, including the threat of a papal-backed French invasion, John agreed to once again swear fealty to the pope.

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