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PUA 5305 Unit 2.docx PUA 5305 Public Finance Columbia Southern University PUA 53

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PUA 5305 Unit 2.docx PUA 5305 Public Finance Columbia Southern University PUA 5305-Public Finance and Budgeting Public Finance Public Goods Public goods are an inseparable part of the eco... nomy and include all products, which meet the specific criteria. Public goods criteria consist of three primary features, such as a product being non-rival, non-excludable, and non-rejectable. There is a wide list of public goods, which contains numerous products and services. The most noticeable public goods are related to such infrastructure elements as public roads and open space. In some countries, education and medicine may also be considered public goods. Most public goods are provided by the government and are maintained through taxes. Public roads represent one of the most significant and widespread public good. Public roads have a considerable influence on the well-being of society. Such public good is not . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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