Unit II Essay.docx PUA 5305 Unit II Essay Columbia Southern University Public Financ

Unit  II  Essay.docx   PUA 5305  Unit II Essay  Columbia Southern University Public Finance and Budgeting PUA 5305  Public Goods  Public goods refers to goods or services that are made available to all members of a society. Typically, these services are administered by governments and paid for collectively through taxation (Fernando, 2020). It is through the taxation of the members of society that a relationship between citizens and government is made to supply goods and services. The two features of public goods is that they are non-rivalrous and non-excludable. Non-rivalrous essentially means that the goods do not diminish in supply as people consume them (Fernando, 2020). Non-excludability means that the goods are available to all citizens whether they pay for the goods or not.  Examples of Public Goods  National defense is an example of public goods. Citizens pay taxes for the development and maintenance