Single Answer MCQ
Q-00015663
Which of the following best describes collective provision of goods and services?
1
It requires individual funding for each person
2
It is usually less costly than individual provision
3
It is primarily aimed at the affluent
4
It serves only local needs
Answer and Solution
Answer
B. It is usually less costly than individual provision
Solution:
Collective provision is often more cost-effective than individual provision as pooling resources reduces costs for everyone, making services more accessible.
Watch Video Solution