Households {consumer} demand and consume products {consumer good}|.
Produced goods {durable good}| {hard good} can be long lasting.
Goods or services {public good}|, such as air, can be publicly available and so have no price.
government
Government provides public goods, such as public education and health-and-safety information, to make better citizens, better consumers, or better-trained workers {external effect, goods}. Government provides public goods, such as parks, if politically necessary. Government must provide needed but unprofitable goods and services, such as vaccinations and insurance, because businesses do not provide them. Governments can provide valuable goods or services to small numbers of people, when making them is unprofitable, or can pay businesses to provide them. Governments can provide or demand large good or service amounts, to save costs {economies of scale, government}.
analysis
Governments can analyze no-price and no-set-price goods and services by cost vs. benefit analysis or least-cost production method analysis.
Optimal good or service amount {satisficer}| can meet need, though there are more costly goods or services.
Produced goods {soft good} can be for short time use.
Goods {staple, good} can be necessities.
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Date Modified: 2022.0225