Asked by Reginald Joseph on Jun 15, 2024
Verified
Advocates of antipoverty programs claim that fighting poverty is a public good.
Public Good
A product or service offered for free to all society members, by either the government or a private entity, without the intent of making a profit.
- Understand the concepts of public goods, private goods, common resources, and the distinctions between them.
Verified Answer
US
Ubaid ShaikhJun 18, 2024
Final Answer :
True
Explanation :
Fighting poverty is considered a public good because it benefits society as a whole, not just the individuals directly affected, and its benefits are non-excludable and non-rivalrous, meaning that one person's benefit from poverty reduction does not diminish another's and people cannot be excluded from its benefits.
Learning Objectives
- Understand the concepts of public goods, private goods, common resources, and the distinctions between them.
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