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Public goods are goods that can be consumed simultaneously by a large number of people without the consumption by one imposing an opportunity cost on others. The characteristics of a public good: ●Non excludability i.e., the citizens can enjoy its benefits at no explicit financial cost. ●Non rival consumption i.e., the marginal cost of supplying this public good to an extra citizen is zero. ●Non-Rejectable i.e., collective supply for all citizens means that it cannot be rejected.
Blood and lymph are types of
Which of the following materials is a good insulator?
What are the elements which are liquids at room temperature and standard pressure?
1. Helium
2. Mercury
3. Chlorine
4. Bro...
Which of the following is treated with chlorine to obtain bleaching powder?
Who defined the law of gravitation?
The speed of light is maximum in which of the following media?
Which gas is responsible for the ozone layer's depletion?
Which vitamin helps in blood clotting?
Which of the following is not a vector-borne disease?
Which one of the following is not a part of nerves?