Goods are public rather than private if?

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1278149

2026-07-18 23:20

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Goods are considered public rather than private if they are non-excludable and non-rivalrous. This means that individuals cannot be effectively excluded from using them, and one person's use does not diminish the ability of others to use them as well. Examples include clean air, national defense, and public parks. As a result, public goods often require government provision or regulation to ensure they are available for all.

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