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The benefits of public goods are available to all and are not only restricted to one particular consumer. For example, if a person eats a chocolate or wears a shirt, these will not be available to others. It is said that this person’s consumption stands in rival relationship to the consumption of others. However, if we consider a public park or measures to reduce air pollution, the benefits will be available to all. One person’s consumption of a good does not reduce the amount available for consumption for others and so several people can enjoy the benefits, that is, the consumption of many people is not ‘rivalrous’.
Who among the following Indians established the 1st school for women in India ?
The subject “Regulation of labour and safety in mines and oil fields” comes under which list?
Which one of the following accounting concepts is applied by an entity, when events such as new competitor entering in the market and rift between produ...
A scored 30% marks and failed by 40 marks whereas B scored 60% marks, which was 80 more than the passing marks of the examination. Find the total marks ...
In the context of Minimum support Price, consider the following Statements:
1. Value of unpaid family labour is not factored in while computing...
Which of the following Articles of the Constitution promote social justice as envisaged in the Preamble?
1. Article 17
2. Article 38
In the figure shown below, the incident ray and the emergent ray in the respective order are given by:
Consider the following statements:
(1) Article 21 talks about the protection of life and personal liberty.
(2) Article 21 is a part of t...
Match List-I (Institute) with List-II (City) and select the correct answer using the codes given below the Lists: