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The Two Characteristics

The Two Characteristics

A private good is both rival and excludable. Rivalry means one person's consumption reduces the amount available to others, while excludability means non-payers can be prevented from consuming it.

1.3.3 Public goods Lesson

  1. A Level
  2. /Economics
  3. /1.3.3 Public goods

Step-by-step lessons on Edexcel A A Level Economics 1.3.3 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