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4 Provision Of Public Goods Ppt Download Economics has defined two fundamental characteristics of goods Most non excludable goods and bads are provided locally—city parks, television, air pollution A consumer can effectively be excluded through location It will be too costly to travel to consume those goodsIn economics, a public good (also known as a social good or collective good) is a good that is both nonexcludable and nonrivalrous, in that individuals cannot be excluded from use or could benefit from without paying for it, and where use by one individual does not reduce availability to others or the good can be Excludable vs non excludable economics

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