Simple Reason why Not Even Street Lights are Public Goods
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To be classified as a public good, two criteria must be satisfied. First, the good must be non-rivalrous, meaning that consumption of the good by one person does not diminish its availability to anybody else. An apple is obviously rivalrous, because if one person eats an apple, another person can no longer eat that same apple.
Simple Reason why Not Even Street Lights are Public Goods
Simple Reason why Not Even Street Lights are…
Simple Reason why Not Even Street Lights are Public Goods
To be classified as a public good, two criteria must be satisfied. First, the good must be non-rivalrous, meaning that consumption of the good by one person does not diminish its availability to anybody else. An apple is obviously rivalrous, because if one person eats an apple, another person can no longer eat that same apple.