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Public Sector

#topic/econ

The part of the economy that is primarily controlled by the government

Why must the government provide public goods and services?

It is impractical for the free-market to provide these goods, because there is little opportunity to earn profit. This is due to the Free-Rider Problem.

相关笔记

member/AP-MicroEconomics/concepts/Private Sector
Public Goods
Private Sector