What is knowledge an example of
A)a public good
B)a private good
C)a common resource
D)a club good

Question

Quizplus · Accepted Answer

Knowledge is considered a public good because it is non-excludable and non-rivalrous. Non-excludable means that once knowledge is produced, it cannot be easily withheld from others. Non-rivalrous means that knowledge can be used by multiple people without decreasing its value for others. For example, if someone discovers a cure for a disease, everyone can benefit from it without diminishing its effectiveness. Therefore, knowledge is a public good that benefits society as a whole.

What Is Knowledge an Example of