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Economics 101: Private Goods | SterlingTerrell.net

Economics 101: Private Goods


As referred to in economics, what are private goods?

Private Goods are goods, or services, that are excudable, and at the same time, rival.

An example?

Well, most goods are private goods.

A beer for instance.

You can prevent someone from drinking it.

And if one person drinks it, another person can't.