The private sector of the economy produces mainly goods that are nonexcludable.

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The private sector of the economy is made up of businesses and industries that operate for profit and produce goods and services that are excludable, meaning they can be restricted to certain individuals or groups who pay for them. Examples of excludable goods produced by the private sector include clothing, personal electronics, and insurance services. Nonexcludable goods, on the other hand, are typically provided by the public sector, such as public parks or national defense, and cannot be restricted to certain individuals or groups.

The Private Sector of the Economy Produces Mainly Goods That