Basic Concepts of Economics — Economics STD 9 — Question
ICSE BoardEnglish MediumSTD 9EconomicsBasic Concepts of Economics2 Marks
Question
What are public goods?
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Answer
Public goods are goods which are available for consumption to all members of society. All people are free to use it. Examples : Roads, Bridges etc. In this case, all members of public are free to use these roads and bridges. So it is a public good.
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