A private good is excludable and rival in consumption.
<u>Option: C</u>
<u>Explanation:</u>
Public products are produced for the wellbeing of the people at no expense by the government or by design. Yet private goods are the ones which private firms produce and sell to generate a profit.
If nature or government offers public goods, it is the businessmen or entrepreneurs who create private goods. A good can be excluded if the manufacturer of that good can prevent people who do not pay from buying it. If it can not acquired at the similar time by more than one individual, an item is rival in consumption.
<span>In hopes of finding a route to Asia,Prince Henry started the first school to teach sailors about oceanic navigation, mapmaking, and more. He sponsored 14 expeditions in 12 years to try to navigate Cape Bojador on the coast now Western Sahara.Finally, Gil Eannes was able to successfully complete the journey. This became a stepping stone to find a maritime route to Asia.</span>
