Classify the following into public and private goods. List out two features of public goods. Road, cars, clothes, national defence.
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Classify the following into public and private goods. List out two features of public goods. Road, cars, clothes, national defence.
Classify the following into public and private goods. List out two features of public goods. Road, cars, clothes, national defence.
1. Road, national defence are public goods
2. Cars, clothes are private goods
Two features of public goods are nonrivalry in consumption and non excludability