**Economics Question**
**Also please check my definition for merit goods**

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

Definition of merit goods:

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 trusts that these products will only benefit consumers.

Similarities with public goods:

Differences from public goods:

Question

**Economics Question** 
**Also please check my definition for merit goods**

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

Definition of merit goods:

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 trusts that these products will only benefit consumers.

Similarities with public goods:

Differences from public goods:

Vocaloid · Answer

well a similarity with public goods could be that they're both intended to promote public/social welfare and a difference could be that public goods are typically only funded through the government while merit goods are at least partially provided by the private sector

zarkam21 · Answer

okay and for difference how about?:

A difference between the two is that a public good can serve a small number of people or a large number of people at exactly the same cost. A merit good cannot.

zarkam21 · Answer

Because I think merit goods would take different amount of money to do different things