- merit good
- noun Brit. a commodity or service, such as education, regarded as deserving public finance.
English new terms dictionary. 2014.
merit good
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Merit good — The concept of a merit good introduced in economics by Richard Musgrave (1957, 1959) is a commodity which is judged that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay. The… … Wikipedia
Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… … Wikipedia
Merit — • By merit (meritum) in general is understood that property of a good work which entitles the doer to receive a reward from him in whose service the work is done Catholic Encyclopedia. Kevin Knight. 2006. Merit Merit … Catholic encyclopedia
Merit (Catholicism) — Merit (Latin meritum), in general, is understood to be that property of a good work which entitles the doer to receive a reward (prœmium, merces) from him in whose service the work is done. By antonomastic usage, the word has come to designate… … Wikipedia
Good Conduct Medal — Good Conduct medals Awarded by United States Armed Forces Type Medal … Wikipedia
merit — mer·it / mer ət/ n 1 pl: the substance of a case apart from matters of jurisdiction, procedure, or form a ruling on the merit s of the case see also judgment on the merits at … Law dictionary
good — /good/, adj., better, best, n., interj., adv. adj. 1. morally excellent; virtuous; righteous; pious: a good man. 2. satisfactory in quality, quantity, or degree: a good teacher; good health. 3. of high quality; excellent. 4. right; proper; fit:… … Universalium
Good Conduct Medal — Décerné par … Wikipédia en Français
merit — Ⅰ. merit UK US /ˈmerɪt/ noun [C or U] ► FORMAL the quality of being good and deserving to be praised or rewarded, or an advantage that something has: »Proposals will be judged strictly on merit by an external committee. »I fail to see the merit… … Financial and business terms
Merit — Mer it, n. [F. m[ e]rite, L. meritum, fr. merere, mereri, to deserve, merit; prob. originally, to get a share; akin to Gr. ? part, ? fate, doom, ? to receive as one s portion. Cf. {Market}, {Merchant}, {Mercer}, {Mercy}.] 1. The quality or state… … The Collaborative International Dictionary of English
