PUBLIC GOOD VS PRIVATE GOOD | PUBLIC ECONOMICS | LEARN OIKONOMIA
THIS VIDEO DISCUSSES PUBLIC GOOD VS PRIVATE GOOD
Public Goods are those provided by nature or the government for free use by the general public. Private Goods are those produced and sold by private firms to meet the needs and desires of consumers. Preference is given to only rich consumers. Clothing, cosmetics, footwear, automobiles, electronic devices, and food.
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