Work

Public and Private Goods

Year: 2024

Type: article

Abstract: The classification of goods into private and public categories is based on the fundamental economic concepts of rivalry and excludability. Food, being rivalrous and excludable, falls into the category of private goods, while national defense, being non-rivalrous and non-excludable, is a classic example of a public good.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14186767

Author: Obula, Chidinma Jennifer

Language: English

Topic: Economic Policies and Impacts

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W6967765449

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