MERIT GOODS
\mˈɛɹɪt ɡˈʊdz], \mˈɛɹɪt ɡˈʊdz], \m_ˈɛ_ɹ_ɪ_t ɡ_ˈʊ_d_z]\
Sort: Oldest first
-
Goods or services freely given by a government for the benefit of the entire society. Society would be, and currently is, under-provided if left to the market forces or private enterprise. Benefit examples are education and vaccination.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).