Choose whether the statement is true/false:

In some cases, the collective provision of goods and services is better and cheaper than individual provision.

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True

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Detailed Solution

The above statement is true.
In some cases, the collective provision of goods and services is better and cheaper than individual provision. In some cases, providing these commodities and services is the most excellent and affordable method to do many essential things in life. Just consider whether hiring a security team for each home would be cheaper or whether there should be community-wide security. What if no one in your community or neighbourhood is interested in learning but you? Could you continue your studies? Unless your parents have the means to send you to a private school somewhere else. As a result, you can genuinely study because many other kids desire to do the same and because a lot of people think the government should open schools and offer additional facilities, so all kids can have the opportunity to learn.

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