Economics Public Goods Questions
Public goods in the context of public scientific research refer to the knowledge, information, and discoveries that are produced through scientific research and are made available to the public. These goods are non-excludable, meaning that once they are produced, they cannot be restricted or withheld from anyone. Additionally, they are non-rivalrous, meaning that their consumption by one individual does not diminish their availability for others. Public scientific research aims to generate public goods that can benefit society as a whole, as they can be freely accessed, used, and built upon by individuals, organizations, and other researchers to advance knowledge, innovation, and societal progress.