Economy, asked by kirteeraj261, 3 months ago

private goods have characteristics of???​

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Answered by Shraddha428
0

Answer:

Private goods are characterized by three things: excludability- consumers can be excluded from the consumption of the goods if they do not pay the seller for the good; rivalry- when a good is used or purchased by an individual that leaves less of the good available for others;

Explanation:

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