rr

Question 1

4 different type of goods

Answer 1

Private goods
club goods
pulic goods
common property goods

Question 2

what do private goods have to have plus examples

Answer 2

rival in consumption and able to exclude nonpayer
Eg mobile phone, clothing

Question 3

what do club goods have to have plus examples

Answer 3

non rival in consumption and able to exclude non payer - example is gym

Question 4

what do common property goods have to have plus examples

Answer 4

rival in consumtpion
not able to exclude non payers
eg is forrest

Question 5

what do public goods have to have plus examples

Answer 5

not able to exclude non payers and nonrival in consumption Eg national park, national defence