Public goods are private goods produced by government.

Question

Quizplus · Accepted Answer

Public goods are goods and services that are non-excludable and non-rival, meaning that everyone can benefit from them and one person's consumption of the good does not decrease the amount available to others. Private goods are excludable and rival, meaning that access to them can be restricted and one person's consumption decreases the amount available to others. While government may provide public goods, they do not become private goods as a result.

Public Goods Are Private Goods Produced by Government