1
answer
197
views
14
Problem

For access to Textbook Solutions, a Class+ or Grade+ subscription is required.

Textbook Expert
Textbook ExpertVerified Tutor
19 Dec 2021

Introduction

A public good is one in which no person is restricted from enjoying. To put it another way, everybody can gain from it. This could be a government-provided public benefit like schooling or perhaps a naturally social commodity like oxygen.
 
The fact that everyone can utilize a public product is one of its most important characteristics, but this does not lessen its availability. A communal road, for example, can be used by one individual without affecting the capacity of another to utilize it.

Unlock all Textbook Solutions

Already have an account? Log in
Start filling in the gaps now
Log in