any 5 goods and services that we purchase in an economy
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The four types of goods: private goods, public goods, common resources, and natural monopolies.
Private Goods
- fruits.
- vegetables.
- cell phones.
- train tickets.
- televisions.
- dinner at a restaurant.
- coffee from a coffee shop.
- cars
Goods are material things wanted by human beings. They can be seen or touched. Services are non-material things. These cannot be seen or touched only their effects are felt.
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