Abstract If a privately demanded good or service cannot be supplied by the market, or will not be supplied by the market, it is often called a public good. For instance, you cannot normally shop in the market for defense services, so they are classified as a public service. Health care, on the other hand, is a private service you can buy in the market even though it is often called a public or collective service, or at least expected to be publicly provided.
Advanced Purchasing as Industrial Policy: On the Advanced Firm as a Technical University
First
2010-01-01
13 pages
Article/Chapter (Book)
Electronic Resource
English
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