Report post

Are public goods excludable and non-rival?

Public goods are non-excludable and non-rival. City parks are an example. Access to them is not restricted and they can be consumed by multiple users. Private goods are excludable and rival. Clothing is a private good because an item of clothing can only be used by a single user at one time. Common goods are non-excludable and rival.

What are excludable goods?

Food, electronics, clothing, skateboards, etc. are all excludable. Firms who offer these products can prevent people from consuming these goods unless they pay for them. These goods are excludable. Non-excludable goods are goods that are impossible or impractical to prevent people who do not pay for products from consuming them.

What is an example of excludable and not a rival good?

But one example of something that is excludable but is not necessarily a rival good, that one person using it doesn't prevent the other person from using it in theory, something like satellite television, satellite, satellite TV. Why is that excludable? Well, you can force someone to pay to access satellite television.

The World's Leading Crypto Trading Platform

Get my welcome gifts