Abstract
Resources can be defined in different ways. They can be considered as the available factors of production: labour, land (including mineral wealth and fisheries), capital and enterprise. Resources can be tangible, such as coal, or intangible, such as the skill of an engineer, and some may have to be imported if they do not exist or are not obtainable in sufficient quantity within the country. Resources can also be looked at as the funds available for consumption and investment – from accumulated wealth or from current economic activity – shown by the national income data (as discussed in Chapter 2 ), while input-output analysis indicates the resources that will be needed to produce different goods and services.
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SUGGESTED FURTHER READING
A. Asimakopulos, Economic Theory, Welfare and the State (London: Macmillan, 1990).
C.V. Brown and P.M. Jackson, Public Sector Economics (Oxford: Basil Blackwell, 1992).
J. Craven, Social Choice (Cambridge: Cambridge University Press, 1991).
Hans van del Doe! and Ben van Velthoven, Democracy and Welfare Economics (Cambridge: Cambridge University Press, 1993).
F.E. Foldvary, Public Goods and Private Communities (Cheltenham: Edward Elgar, 1994).
C. Henry, Microeconomics for Public Policy (Oxford: Clarendon University Press for the Centre National de Ia Recherche Scientifique, 1991).
P.R. Jones and J.G. Cullis, Public Finance and Public Choice (New York: McGraw-Hill, 1992).
A. Peacock, Public Choice Analysis in Historical Perspective (Cambridge: Cambridge University Press, 1991 ).
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© 1996 D.I. Trotman-Dickenson
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Trotman-Dickenson, D.I. (1996). Allocation of Resources and Provision of Public Goods. In: Economics of the Public Sector. Palgrave, London. https://doi.org/10.1007/978-1-349-13264-5_3
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DOI: https://doi.org/10.1007/978-1-349-13264-5_3
Publisher Name: Palgrave, London
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