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’.
In watershed management, use of Ridge Line' is referred to the
__________is the fraction of water entering the soil that must pass through the root zone in order to prevent soil salinity from exceeding a specified v...
___________ is the process in which acids and bases react to form salts and water.
Best nitrogenous fertilizer for rice crop is:
In May 2021, which country successfully achieved landing of unscrewed spacecraft on Mars?
Which was the very initial act in India that provides the protection from adulteration/contamination of food that may lead to the health risk of consume...
Which nutrient is primarily responsible for the development of bolls in cotton?
Soil nutrient deficiencies can manifest in various ways, affecting crop health and yield. Which specific deficiency in rice crops is linked to Khaira di...
‘Millets’ were among the first crops to be domesticated in India with several evidence of its consumption during the Indus valley civilization. In I...
Which of the following states belong to the Northern Zone of cotton production in India?