People have a demand for sweaters, and the market provides sweaters. There is evidence that people also have a demand for national defense, but the market does not provide it. Why doesn’t the market provide national defense? Is it because government is providing national defense and therefore there is no need for the market to do so? Or is it because the market can’t provide it?
Microeconomics
Microeconomics
People have a demand for sweaters, and the market provides sweaters. There is evidence that people also have a demand for national defense, but the market does not provide it. Why doesn’t the market provide national defense? Is it because government is providing national defense and therefore there is no need for the market to do so? Or is it because the market can’t provide it?
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