Public goods are

Question

Public goods are

Quizplus · Accepted Answer

Public goods refer to goods or services that are non-excludable and non-rivalrous in consumption, which means that individuals cannot be excluded from their benefits and their use by one person does not diminish their availability for others. Therefore, public goods are provided through the actions of individuals, but they belong to the group as a whole and cannot be possessed or consumed by an individual as property. Choice A refers to private goods and choice C is partially correct but not specific enough. Choice D is incorrect.

Public Goods Are