Explain the two characteristics of public goods and explain the significance of each from public provision as opposed to private provision. Include the free-rider problem as it relates to public goods and whether the U.S. border patrol is a public or private good and why.© BrainMass Inc. brainmass.com October 17, 2018, 12:07 am ad1c9bdddf
There are two types of goods that are produced in the market namely private goods and public goods. Private goods are produced through the competitive market system. Examples of private goods are goods that can be found in regular stores. Private goods have two characteristics namely rivalry and excludability (McConnell & Brue, 2008, p. 73). Rivalry means that when one "person buys and consumes a product; it is not available for purchase and consumption by another person" (McConnell & Brue, 2008, p. 73). Excludability on the other hand means that buyers who are willing to pay the market price of a product get the benefit of the product while those who cannot afford the price of the product are excluded from enjoying the benefit of the ...
Characteristics of public goods are explained with significant examples. The solution includes the free-rider problem as it relates to public goods and whether the U.S border patrol is a public or private good and why.
Policy Making - Politically Competent & Good Corporate Citizenship
Senior executives from a variety of organizations are often called to testify about health policy issues. It is in the organization's best interest if these executives are both politically competent and good corporate citizens.
1. In general terms, what knowledge, skills, and individual behaviors must an executive have to be politically competent and to be good corporate citizens?
2. Think about the witness whose testimony you summarized for the group project. Did he or she demonstrate political competence? Explain.
3. Think about a particular healthcare organization's corporate citizenship. How would you describe it (e.g., "good," "average," or "poor")? What did the organization do (or not do) to achieve this level of corporate citizenship?View Full Posting Details