Social Studies - 2018-19

GOVT.15a - Government Goods and Services

The student will apply social science skills to understand the role of government in the Virginia and United States economies by 

a) describing the provision of government goods and services that are not readily produced by the market;

Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

Many public goods and services would not be available if they were not provided by the government.  

ESSENTIALS

Government-provided public goods and services benefit many but would not be available to everyone if individuals had to provide them. 

Taxes and/or fees pay for the production of government-provided goods and services. 


Examples of goods and services provided by the government 

 Infrastructure 

 Public health and safety 

 Public schools 


Reasons why government provides public goods and services 

 It is more efficient and not likely that the good or service would be provided by private individuals in the marketplace. 

 The goods or services may benefit everyone, not only a purchaser. 

 The value of the goods or services is greater than individual consumers could afford. 

 It promotes economic equity

KEY VOCABULARY

Updated: May 17, 2017