Public goods

Name: Public goods
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Public goods

Quizplus · Accepted Answer

Public goods have nonexcludable benefits, meaning that once the good is provided, it is difficult or impossible to exclude someone from enjoying its benefits. This leads to the free-rider problem, where individuals may choose to not contribute to the cost of providing the good but still benefit from it. Public goods are also typically non-rival, meaning that one person's consumption of the good does not reduce the amount available for others to consume.

Public Goods