Question

what are club goods?briefly explain and give some example

Answer 1

Club goods (also artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point where congestion occurs. Often these goods exhibit high excludability, but at the same time low rivalry in consumption.

Examples of club goods include, cinemas, cable television, access to copyrighted works, and the services provided by social or religious clubs to their members.

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