A commodity or service, such as education, that is regarded by society or government as deserving public finance.
〈英〉有益物品；有益服务
Example sentencesExamples
Likewise the slender discussion of ‘mercantilism’ is shorter than discussions of ‘median,’ ‘merit good,’ and ‘migrants' remittances.’
‘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.
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.