Public Management Theory. A traditional rationale for public sector management of economic resources is that there is a fundamental difference in the economic characteristics of two broad categories of goods and services. These two categories are called public goods and private goods.
A. Describe the essential characteristic of public goods and cite some examples.
B. Describe the essential characteristic of private goods and cite some examples.

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The Answer of Public Management Theory. A traditional rationale for public sector management of economic resources is that there is a fundamental difference in the economic characteristics of two broad categories of goods and services. These two categories are called public goods and private goods.
A. Describe the essential characteristic of public goods and cite some examples.
B. Describe the essential characteristic of private goods and cite some examples.