__________ a commodity or a service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Question

Quizplus · Accepted Answer

Public goods are provided without profit to all members of a society, either by the government or a private individual or organization. Private goods are provided for a profit to those who can afford to pay for them. Personal goods are owned by an individual for their own use. Inferior goods are goods for which demand decreases as income increases.

__________ a Commodity or a Service That Is Provided Without