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Economics 101: Public Goods | SterlingTerrell.net

Economics 101: Public Goods


As referred to in economics, what are public goods?

Public Goods are goods, or services, that are neither excudable, nor are they rival.

An example?

Well, national defense.

It is hard to prevent someone in the USA from consuming the protection afforded by being here.

And if one person uses it, well, everyone else can too.