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You are here: Home / Potpourri / Economics 101: Public Goods

Economics 101: Public Goods

Economics 101: Public Goods

[This is part of the series: The Complete Guide To Economics 101.]

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.

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Filed Under: PotpourriTagged With: #Economics101

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