Economics Public Goods Questions
Public goods in the context of public research institutions refer to goods or services that are non-excludable and non-rivalrous in nature. These goods are provided by public research institutions for the benefit of society as a whole, rather than for individual profit. Public research institutions conduct research and development activities to generate knowledge, innovations, and technologies that can be freely accessed and utilized by the public. Examples of public goods in this context include scientific research findings, educational resources, and technological advancements that are made available to the public without any restrictions or limitations.