| Merit good: A merit good is a good or service that is considered to be beneficial to society as a whole, even though individuals may not consume it voluntarily. These goods are typically subsidized or provided for free by the government, as it is believed that the social benefits of consumption outweigh the private benefits. Examples of merit goods are education, healthcare, and public transportation. See also Infrastructure, Transport policy, Healthcare system, Education, Education policy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
