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

Thank you for this question. Please find the answer below:

The list of public and private goods is as under:

(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.