An example of public good and how it has been financed by the government

Public goods are goods or services that are available to all members of society, regardless of their ability to pay. Examples of public goods include national defense, public parks, and public transportation.

Public goods are typically financed by the government through taxation. Taxes are collected from citizens and businesses, and the revenue is used to fund public goods. For example, the government may use tax revenue to fund public transportation systems, such as buses and trains. The government may also use tax revenue to fund national defense, such as military personnel and equipment. Additionally, the government may use tax revenue to fund public parks, such as playgrounds and trails.