CBSE Class 12-commerce Answered
What are public goods and
private goods?
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
Expert Answer
Public goods: The goods which cannot be provided through market mechanism and must be provided by the government are called public goods. Example: roads, public library, parks
Private goods: The goods which can be provided through market mechanism and the transactions are taken place between the producers and individual consumers are known as private goods. Example: Food, clothing, furniture
Answered by | 19 Apr, 2016, 11:14: AM
Concept Videos
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:24: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:21: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
ANSWERED BY EXPERT