How are nations similar to individuals in regard to economics? A. nations do not have to pay for public goods and services

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Zaniyah Allen

19 November, 04:06

How are nations similar to individuals in regard to economics? A. nations do not have to pay for public goods and services

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Draven Henry · Answer 1

A. nations do not have to pay for public goods and services

Explanation:

Pure Capitalism

Capitalism is an economic system whereby private companies and individuals own property and capital goods.

Pblic goods must be provided by the government.

Why public goods must be provided by the government?

The reason is plain: because people can't be excluded from using public goods, they can't be charged money for using them, so a private supplier can't make money from providing them ... Because public goods are generally not adequately supplied by the private sector, they have to be supplied by the public sector.