Who introduced the concept of 'collective consumption goods, which later came to be known as public goods?

CA Foundation · Business Economics · PYQS · September 2025
Who introduced the concept of 'collective consumption goods, which later came to be known as public goods?
(A) A. Milton Friedman
(B) B. John Maynard Keynes
(C) C. Paul A. Samuelson
(D) D. Adam Smith

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Paul A. Samuelson

Topics: Public Finance

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