Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what are the 4 types of goods? for each one, say w

What are the 4 types of goods? For each one, say whether they are excludable and...

70.2K

Verified Solution

Question

Economics

What are the 4 types of goods? For each one, say whether theyare excludable and whether they are rival in consumption.

Answer & Explanation Solved by verified expert
3.6 Ratings (309 Votes)
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    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A social psychologist is interested in how optimism is related to life satisfaction. A sample of...

Basic Math
Q

A young man has suffered a spinal injury from being tackled while playing football. The doctor...

Medical Sciences
Q

A man has constructed a toy as shown in figure If density of the material...

Physics
Q

Determining the nu Ivan got a train ticket valid for the five cities listed below...

Basic Math
Q

3 5 140 Height Above the Ground f 1 2 3 4 5 6 7...

Basic Math
Q

Superior Company owns 40% of the outstanding stock f Bernard Company. During 2018, Bernard paid...

Accounting
Q

Required information PAD-2 (Static) Comparing the Fair Value and Equity Methods [The following information applies...

Accounting
Q

When reviewing a balance sheet presented by a client, you see the following information. Which...

Accounting
Q

Market incorporated has two divisions, Talbot and Heather. The following is the income statement for...

Accounting
Q

! Required information [The following information applies to the questions displayed below.] Henna Co. produces...

Accounting
Q

On July 25, 2020, Karen gives stock with an FMV of $6,810 to her nephew...

Accounting
Q

The true owners of the corporation are the a. ...

Finance