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

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Answer 2

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 public goods and the use of private goods is easier and protected.
• Private goods are manufactured by private players when the infrastructure is proper and that is provided majorly by the public goods whose ownership is in the hand of government.

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