Take ten different types of goods and classify them as 'Free goods and Economic goods ; Consumer goods and Producer goods and ' Private goods and public goods?
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Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems, and street lighting. Streetlight: A streetlight is an example of a public good. It is non-excludable and non-rival in consumption. Public goods can be pure or impure.
a resource, such as sunlight or air, which is so abundant that its availability is not a constraint on economic activity.
goods bought and used by consumers, rather than by manufacturers for producing other goods.
Producer goods, also called intermediate goods, in economics, goods manufactured and used in further manufacturing, processing, or resale. Producer goods either become part of the final product or lose their distinct identity in the manufacturing stream.
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