“equity” goods that should not be linked to the ability to pay for them. Their long-term benefits are considered greater than the short-term benefits of acquiring them. In economics, a merit good is different from a public good. A public good, such as clean air or police protection, ...
Merit Good Wikipedia Ineconomics, a good to which persons are believed to have a right. That is, a merit good is something that should be available forfreeor at reducedpricesbecause it is necessary and thefree marketdoes not provide sufficient incentives to produce it. Examples of merit goods...
1998. "The Concept of a Merit Good the Ethical Dimension in Economic Theory and the History of Economic Thought or the Transformation of Economics into Socio-Economics." Journal of Socio-Economics 27(1):133- 153.The Concept of a "Merit Good",The Ethical Dimension in Economic Theory and the...
Realism and Antirealism About Economics Uskali Mäki, in Philosophy of Economics, 2012 4 Commonsensibles and their Modifications in Economic Modelling Economics: science of commonsensibles Land, labour, and capital. Markets, money, prices. Private good, public good, merit good. Demand and supply....
About this entry Cite this entry Musgrave, R.A. (1987). Merit Goods. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1139-1 Download citation .RIS .ENW .BIB
For example, a fine automobile merits the attention of car connoisseurs because of its outstanding design, craftsmanship, safety, performance, and the good taste of interior appointments. In economics, merit is viewed as the justification for remuneration, compensation, and economic rewards. Timothy J...
Meritgoods:TheconceptofameritgoodintroducedineconomicsbyRichardMusgrave(1957,1959)isacommoditywhichisjudgedthatanindividualorsocietyshouldhaveonthebas..
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Public Good in Economics | Definition, Characteristics & Examples from Chapter 3/ Lesson 64 67K Learn the definition of a public good and understand the theory of public goods. Explore the characteristics of public goods and review various examples. ...
1.The public selection and the public welfare property are the focal problems concerned by the economics, and numerous economists put forward relevant feasibility schemes.公共选择与公益物品是经济学关注的焦点问题,众多的经济学家就此提出了相关的可行性方案。 延伸阅读 苯唑托品,苄托品药物名称:苄托品英文...