Public Goods And Services Chapter 19 Flashcards
1
Q
What are Public goods and services main characteristics?
A
Non-rivalrous in consumption
Non-excludable in consumption
2
Q
What is Non-rivalrous in consumption ?
A
Is when the good/service can be consumed by a group of consumers at the same time
3
Q
What is Non-excludable in consumption?
A
Is when consumers can make use of them without paying for it
