give two points of difference between private goods and public goods
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➡️ private good is a product that must be purchased to be consumed and its consumption by one individual prevents another individual from consuming it.
➡️ Economists refer to private goods as rivalrous and excludable.
➡️ private good is a product that must be purchased to be consumed and its consumption by one individual prevents another individual from consuming it.
➡️ Economists refer to private goods as rivalrous and excludable.
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hope it helps u...
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