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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2776 |
Essay's paper body
Public Goods and Services
b. Semi-Public Goods
c. Public Economic Enterprises
d. Economic Regulations
a. Public Goods and Services:are the goods which have the characteristics of non-rivalness and non-excludability.
Non-rivalness (joint consumption): These are goods the consumption of which is nonrival...
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the idea that there are some goods the benefits of which can be enjoyed by more than one person at the same time.
Non-excludability: , these goods are not priceable. impossible or very costly to price these governmental goods and services because you are not able to detect the real size of the benefit received by the consumer...
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