Explain why the government intervenes to provide merit goods
Block Type
Knowledge Checkpoint
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Knowledge checkpoint: Explain why the government intervenes to provide merit goods
The government intervenes to provide merit goods to ensure that they are accessible to everyone because it believes that all members of society deserve to benefit from them.
The government ensures these goods are provided or free to access for all because they are often underprovided or under-consumed by the market and can usually only be afforded by the wealthy.
The government makes services such as healthcare and education available to all to improve welfare, life expectancy, standards of living, and productivity.
Explain why the government intervenes to provide merit goods