A government may provide a good rather than a private firm in situations where the good is a public good, such as national defense or public education, which are non-excludable and non-rivalrous. Additionally, if a good is essential for public welfare but lacks profitability for private firms, such as basic healthcare or infrastructure in underserved areas, the government may step in to ensure access. Governments may also intervene in cases of market failure, where private firms may not effectively address social needs or equitable access.
Copyright © 2026 eLLeNow.com All Rights Reserved.