MERIT GOODS
\mˈɛɹɪt ɡˈʊdz], \mˈɛɹɪt ɡˈʊdz], \m_ˈɛ_ɹ_ɪ_t ɡ_ˈʊ_d_z]\
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Goods or services freely given by a government for the benefit of the entire society. Society would be, and currently is, under-provided if left to the market forces or private enterprise. Benefit examples are education and vaccination.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.