What are public goods?

Name: What are public goods?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Public goods are products or services that are both non-excludable, meaning that individuals cannot be prevented from enjoying them, and non-rival, meaning that one person's use of the good does not diminish its availability to others. Because private companies have little incentive to provide public goods, they are often provided by governments. Examples of public goods include national defense and public infrastructure such as roads and bridges.

What Are Public Goods