Question

make a list of private and public goods and try to explain how private goods can be protected with the protection of public goods.​

Answer 1

(i) Public Goods: Roads, Malls, Public Transport etc. (ii) Private Goods: Cell phone, Car, House etc. When public goods are protected, it is easy for a person to acquire private goods. The person can rely on the government for the public goods and the use of private goods is easier and protected

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Answer 2

Answer:

• (i) Public Goods: Roads, Malls, Public Transport etc.
• (ii) Private Goods: Cell phone, Car, House etc.
• ➩ When public goods are protected, it is easy for a person to acquire private goods. The person can rely on the government for the public goods and the use of private goods is easier and protected.