Collective goods, also known as public goods, are resources that can be consumed simultaneously by a large number of consumers without diminishing their availability to others. Typical examples include streets and roads, police and fire protection, and national defense. Unlike market goods, collective goods cannot be efficiently priced or quantified based on market dynamics, hence they are generally provided by the government.
The General Services Administration (GSA) is an independent agency of the United States federal government established in 1949 to help manage and support the basic functioning of federal agencies.
Public choice theory is the application of economic theory to the public sector and the analysis of the demand and supply of government services. It views the public sector as a supplier attempting to maximize its welfare, typically focusing on decisions designed to promote the reelection of incumbent politicians.
Public goods are products and services typically provided by the government because they are more effectively managed in the public domain rather than the private marketplace. Examples include national defense, police services, and public parks.
A welfare state is a form of governance in which the government plays a key role in the protection and promotion of the economic and social well-being of its citizens. This is achieved through a comprehensive array of services such as medical care, minimum income guarantees, and retirement pensions.
