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 Patalkot valley, known for its rich indigenous culture, is located in which Indian state?
Who emphasized that "foreign medium has turned our children into crammers and imitators and has made our children practically foreigners in their own la...
Jolingkong Lake of Uttarakhand is also Known as __________________ .
How many Member Countries are there in Association of South East Asian Nations (ASEAN)?
When did India join the International Monetary Fund (IMF)?Â
On February 15, 2021, Adani Ports and Special Economic Zone Ltd (APSEZ) completed acquisition of Dighi Port Limited (DPL) for Rs 705 crore in the state_...
Which company has been selected for procurement of 10,000 Electric Vehicles by State-run Energy Efficiency Services Ltd (EESL)?
Rajesh Ranjan has been appointed as the High Commissioner of India to:
The "Kanger Ghati National Park" is located in which state?
Where is the Sukhna Wildlife Sanctuary located?
