Merit goods, rival good, consumer sovereignty, paternalism, government intervention, libertarian Paternalism
A merit good is a commodity that is considered meritorious enough to be provided by the national budget as it serves the common good of the population. Some economists believe that society should be provided with merit goods through public financing because they are necessity goods and benefit all. They believe this because markets are subject to failures that lead to the inefficient production and consumption of these goods. However, government intervention is not supported by all. This disagreement gives rise to controversial debates about consumer sovereignty and government paternalism.
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