Characteristics of a public good.
- Non-excludable means that it is costly or impossible for one user to exclude others from using a good such as road, streetlights.
- Non-rivalrous means that when one person uses a good, it does not prevent others from using it.
- Widely available: Public goods must be non-excludable and available to everyone
- Indirectly or collectively paid for.
CATEGORIES Economics
TAGS Dr. Bbosa Science
