Deepak posted an Question
June 10, 2020 • 23:29 pm 10 points
  • UGC NET
  • Economics

Are telecom sector review merit good?

are telecom sector review merit good? or agriculture products?

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    Nidhi taparia Best Answer

    By definition, merit goods are those who's social benefits are much more than their private benefits. For example, education. The person who is receiving education does benefit, but he / she benefits the society even more as an educated person, as compared to an uneducated one. Going by this qualification, telecom sector or telecommunication services are not merit goods. Because if one person can call another and stay in touch through his mobile phone, his private benefit is a lot, but social benefit is not as much. Same for agricultural products.

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