Question FOURProvision of Public goods and services is a key consideration by most Governments. In the quest to provide for such goods, some goods and services such as health and education are provided directly by the government, while others are funded publicly but provided privately.What is the difference between these two mechanisms of public financing? Why do you think the same government would use one approach sometimes and the other approach at other times?Are there any efficiency and equity consideration when providing public goods? Kindly explain.

The services or commodities which tend to benefit all members of the society, and through public…

Answered: Provision of Public goods and services…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question FOUR

Provision of Public goods and services is a key consideration by most Governments. In the quest to provide for such goods, some goods and services such as health and education are provided directly by the government, while others are funded publicly but provided privately.

What is the difference between these two mechanisms of public financing? Why do you think the same government would use one approach sometimes and the other approach at other times?
Are there any efficiency and equity consideration when providing public goods? Kindly explain.

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