20. What are economic goods?
21. What are public goods?
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20. a product or service which can command a price when sold.
"water is an economic good and should be treated as such"
21. a commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.
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20. economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
21.Public goods are those that are both non-excludable and non-rivalrous. IN other words, the supplier cannot prevent people from using the good, nor will its consumption prevent others from accessing it.
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