Economics of Parks & Recreation

The government often provides services for public goods and common goods when the private market isn’t ready to accept that responsibility. Because Ron is a big believe in free markets, he isn’t happy that federal money is being spent on providing common resources for the community.  He believes that the best kind of park would be one ran by Chuck E. Cheese.

See more: common resources, excludability, federal budget, free rider problem, government, government programs, government spending, rivalry, role of government, types of goods