Economics Public Goods Questions
Public goods in the context of disaster preparedness refer to goods or services that are non-excludable and non-rivalrous, meaning they are available to everyone and one person's use does not diminish its availability for others. In disaster preparedness, public goods can include early warning systems, emergency shelters, evacuation plans, and disaster relief supplies. These goods are typically provided by the government or other public entities as they are necessary for the overall well-being and safety of the community. Since disasters affect everyone in a given area, public goods ensure that everyone has access to the necessary resources and services to mitigate and respond to the disaster effectively.