Question
Consider the following items in the two tables and
choose the Correct Option. Table A Table B I- National Defence Public Good II- National Highways Private Good III- Government Administration Private Good IV- Clothes Public Good V- Movies Private GoodSolution
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’.
The black cotton soils of India are
- Which hormone is responsible for the let down of milk in cow?
The saturated flow of water in the soil is maximum in ___ soils.
Parthenium Awareness Week in India during the month of August each year is coordinated / organized by which directorate/institute of ICAR?
In which state of India was the first cotton mill set up in 1854?
Of which South-East-Asian country did Joko Widodo become the President in 2019 for the second time?
The first KVK was established in 1974 at Pondicherry under which university?
Which of the following is not matched correctly?
Under Micro-Economics study of?
Damping Off in Papaya is characterized by which of the following symptoms?
