Are pure public goods practically possible in the practical world? give the answer with reasons
Replies (3)
Quick Summary
This discussion delves into the concept of pure public goods, questioning their practical existence. While theoretically defined as non-rivalrous and non-excludable, the reality is that consumption by one often affects another, and complete non-excludability is virtually impossible to achieve in the real world. Therefore, pure public goods are largely considered a theoretical myth.
Pure Public goods is always a Myth. Because the nature of pure public goods is.... They are Non-Rivalrous and Non-excludable. Definitely One people consumption reduces other peoples. And No nation can provide completely Non-excludable goods. So they are not possible
Leave a Reply
Your are not logged in . Please login to post replies