Answer:
Explanation:
Estimate quantities and resources correctly to.
Private goods are not rival in consumption, but excludable. rival in consumption and excludable. rival in consumption, but not excludable. not rival in consumption and not excludable
Answer:
private goods—excludable and rival in consumption.
Explanation:
1) Private goods = excludable + rival in consumption (wheat/phone/parking space)
2) Public goods = non excludable + non rival in consumption (public sewer system/national defence/Scientific research.)
3) Common resources, non excludable + but rival in consumption (clean water in a river/clean air/fish in the ocean)
4) Club goods, excludable + but non rival in consumption (movies on Netflix/cinemas)
