Rival and excludable goods

Keep going! Check out the next lesson and practice what you’re learning:
www.khanacadem...
The difference between private goods, public goods, artificially scarce goods (a.k.a. club goods) and common resources. How these are different based on whether they are rival or excludable goods.

[@brunopbch]

There is a chapter called The Fallacy of Public Goods in Hans Hoppe's book Economics and Ethics of Private Property that dives deep in this subject. Great read.

[@mckobz2711]

Indeed, Hoppe's work public goods is mind-blowing

[@theamazinrazin5879]

Based

[@dambusPL]

Thank you veryyyyy much. I have an exam tomorrow and I never understood what EXCLUDABLE is but now I finally get it.

[@gaddamshashikumar544]

Sir your Explanation super

[@darbythedragon69]

"Before we get into the thick of things" kind of like "I'm in the thick of it" by KSI

[@vicvin9106]

deadass what I was thinking 😭

[@MEGHANAAGARWAL-sz6gj]

doubt: quasi oublic goods are both non rivalrous and non exculdable right? please also give examples

[@MEGHANAAGARWAL-sz6gj]

doubt: can water also be classified as public goods?

[@coIumbina]

21

[@zoozolplexOne]

cool !!!

[@saniaafrin1082]

great

[@hobknockers111]

Is education a public good? Not higher education but say public education.

[@kylezs]

If the schools are not crowded then yes. A highly crowded public school would then become rivalrous, since my being there affects the quality of the education that other students receive. Of course, the extents and where exactly it becomes "rivalrous" is mostly semantics.

[@ahammer607]

Education is not a public good. It both rival and excludable. But we provide public elementary and secondary education because it has positive externalities.

[@widyamarisnurtsania1245]

10:12

[@aliyahya9982]

Y

[@ramiiii]

Second

[@ninoofficial9547]

great