One of the mysteries of the English language finally explained.
A commodity or service, such as education, that is regarded by society or government as deserving public finance.
- ‘Stanley and Starkie argued that the basic access characteristic of rural local roads is looked on as a ‘merit good’, which is a reason for the over-spending, according to economic criteria, that occurs in rural areas.’
- ‘‘Culture’ is the classic merit good, and in its name concert halls and theatres are built, museums, operas and libraries subsidized, artists kept afloat with public money.’
- ‘In Indonesia, however, the need for public and merit goods have remained substantially higher than the need for private goods.’
- ‘Likewise the slender discussion of ‘mercantilism’ is shorter than discussions of ‘median,’ ‘merit good,’ and ‘migrants' remittances.’’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.