Asked by Alessia Marie on Jul 02, 2024
After spending $400,000 to build your dream home, you recently discovered that after less than one year the foundation is cracking. Further investigation reveals that the contractor used substandard concrete. Is there a role for the public sector in this situation?
Substandard Concrete
Concrete that does not meet the required quality standards, posing risks to structural integrity and safety.
Public Sector
The segment of the economy composed of government services and enterprises, including healthcare, education, and law enforcement.
- Assess the government's involvement in mitigating market shortcomings and delivering goods for the public benefit.
Learning Objectives
- Assess the government's involvement in mitigating market shortcomings and delivering goods for the public benefit.