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Classifying Goods

Classifying Goods

Two-by-two matrix classifying goods by rivalry and excludability, including private goods, common-access resources, club goods, and pure public goods

A public good is both non-rival and non-excludable. Non-rivalry means one person's consumption does not reduce the amount available to others, while non-excludability means non-payers cannot be prevented from consuming it.

1.8.3 Public goods, private goods and quasi-public goods Lesson

  1. A Level
  2. /Economics
  3. /1.8.3 Public goods, private goods and quasi-public goods

Step-by-step lessons on AQA A Level Economics 1.8.3 Public goods, private goods and quasi-public goods. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons