MERIT GOODS
\mˈɛɹɪt ɡˈʊdz], \mˈɛɹɪt ɡˈʊdz], \m_ˈɛ_ɹ_ɪ_t ɡ_ˈʊ_d_z]\
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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
