Four Types of Goods and Two Characteristics

Let's break up goods and services into different categories.

Concept: Two Characteristics: Rivalry in Consumption and Excludability

6m

Concept: The Four Types of Goods: Private Goods, Club Goods, Common Resources, and Public Goods

12m

Problem: Label the goods as Private Goods (PRI), Common Resources (CR), Club Goods (CG), or Public Goods (PUB).

9m

Problem: A slice of pizza is:

2m

Problem: An example of an excludable good is:

3m