Problem: Provision of Public goods and services is a key consideration by most Governments. In the quest to provide for such goods, some goods and services such as health and education are provided directly by the government, while others are funded publicly but provided privately.
Q1. What is the difference between these two mechanisms of public financing? Why do you think the same government would use one approach sometimes and the other approach at other times?
Q2. Are there any efficiency and equity consideration when providing public goods? Kindly explain.