ELI5: Explain Like I'm 5

Social goods

Hey there kiddo! Today we're going to talk about social goods. Social goods are things that are really important for all of us to have, but that we can't always get on our own.

Think about a park. Parks are places where we can go to play, run around, and enjoy nature. They're really great for us, but it wouldn't be fair if only some people could use them. So, social goods are often things that we all share together because everyone should have access to them.

Other examples of social goods include things like education and healthcare. These are things that we all need to be healthy and successful, but they can be really expensive to get on our own. So, we work together as a society to make sure everyone has access to them.

Social goods are really important because they help make our society a better place to live. They make sure that everyone has the things they need to be happy and healthy. So, next time you're at the park, remember that it's not just for you, it's for everyone!