What are most goods in the economy

Question

Quizplus · Accepted Answer

Private goods are the most common type of goods in the economy. They are characterized by being both excludable (only those who pay for them have access) and rivalrous (consumption by one person reduces the amount available to others). Examples include food, clothing, and electronics. Club goods are only available to those who pay for membership or access (e.g. gym memberships), common resources are freely available to all and subject to depletion (e.g. fisheries), and public goods are non-excludable and non-rivalrous (e.g. national defense).

What Are Most Goods in the Economy