All about PUBLIC GOODS | A Level Economics (2024)

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🔴 About This Video 🔴
We will be looking at Public Goods today. We will assess how to fully explain public goods, by using the characteristics of Public Goods which is that they are Non-Excludable in consumption and Non-Rivalrous in consumption. Non-Excludable means that a good/service is difficult, costly or impossible to exclude non-payers from enjoying it. Non-Rivalrous means that the consumption of a good/service from one person does not reduce the amount available for others to consume.

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