What are the 4 types of goods? For each one, say whether they
are excludable and...
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Economics
What are the 4 types of goods? For each one, say whether theyare excludable and whether they are rival in consumption.
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In economics goods can be categorized in many different ways One of the most common distinctions is based on two characteristics excludability and rivalrousness That means we categorize goods depending on whether people can be prevented from consuming them excludability and whether individuals can consume them without affecting their availability to other individuals rivalrousness Based on those two criteria we
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