Define merit goods and describe how they are similar to and different from public goods.

Definition of merit goods:

Similarities with public goods:

Differences from public goods:

Question

Define merit goods and describe how they are similar to and different from public goods.

Definition of merit goods:

Similarities with public goods:

Differences from public goods:

mplatt · Answer

Try this site it helps https://12yamase.wordpress.com/2011/02/11/explain-the-differences-between-merit-goods-demerit-goods-and-public-goods/

zarkam21 · Answer

Merit goods are products, such as education, which consumers may take for granted or in other words not value as much as the government does. The government trustes that these products will only benefit consumers.

zarkam21 · Answer

@Shadow would this be a good definition for merit goods

zarkam21 · Answer

@Shadow