WHY CERTAIN GOODS ARE MERIT GOODS?? | PUBLIC ECONOMICS | LEARN OIKONOMIA
2This video discsses WHY CERTAIN GOODS ARE MERIT GOODS??
Ever wonder why the government spends money on schools and vaccines, even though you don't directly pay for them? These are merit goods, essential for a healthy and productive society! This video dives into what merit goods are, why they're under-consumed, and how governments intervene to benefit everyone.
Learn about:
Positive externalities (benefits beyond the user)
Information failures (why we might underestimate a good's value)
Examples of merit goods (education, healthcare, infrastructure)
The role of government in providing merit goods
#meritgoods #externalities #governmenintervention #education #vaccination #learnoikonomia #economics #WHYCERTAINGOODSAREMERITGOODS
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