Private, Public and Free Goods defined - Economics Help
https://www.economicshelp.org/blog/2104/economics/private-public-and-free-goods-defined/
WebOct 13, 2017 · Private – Good with opportunity cost, rivalry and excludable. Public good – non-rivalry, non-excludable. Free Good. A free good is a good needed by society but available with no opportunity cost. It is a good without scarcity. For example, air is a free good, because we can breathe it as much as we want.
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