merit good
merit good · merit goods
A commodity that an individual or society should have on the basis of some concept of…A commodity that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay.
Meaning
1 sensesA commodity that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay.
Forms
plural: merit goods| Singular | merit good |
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regular