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Sagot :
Law enforcement, national defense, and the rule of law are examples of public goods. The term "public goods" can also apply to more fundamental items like access to fresh water and clean air.
What are common resources and public goods?
Public resources are non-rival and non-excludable by nature, in contrast to common resources, which are rival and non-excludable. Because they are both non-excludable, public resources and common resources share this trait.
How are public goods produced?
Taxation and government spending are two ways that public goods might be given, but they are not the only ones. Markets can sometimes generate public goods. Consider the radio, for instance. It is nonexcludable since it would be highly challenging to prevent someone from receiving the radio signal once it has been broadcast.
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