What is the relationship between the availability of public goods and private goods?

MIXED ECONOMIES

Most economies today are “mixed economies,” in which there is a both a public sector and a private sector. Explain the following two justifications for government intervention in the economy: public goods and externalities. What is the relationship between the availability of public goods and private goods? In so doing, consider the production possibilities schedule.

My Homework Nest
Calculate your paper price
Pages (550 words)
Approximate price: -