Economy, asked by miyambusuccess, 9 months ago

Explain the characteristics of collective goods and services

Answers

Answered by 1a2f4
1

Answer:

Explanation:

The nature of a collective good means that an individual has little choice with respect to consuming the good, and must generally accept it in the quantity and quality available. Because it is impossible to charge directly for the use of collective goods, payment for them is unrelated to demand or consumption.

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