How are collective goods different from private goods? collective goods and private goods both offer broadly distributed benefit

Question

ad-work [718]

2 years ago

13

How are collective goods different from private goods? collective goods and private goods both offer broadly distributed benefit

s?

Business

1 answer:

Free_Kalibri [48] · Answer 1 · 2022-01-05T19:58:40+03:00

Collective Goods basically mean that everything that exists (at least where it is practiced) is shared with everyone! From food to blankets and other household necessities. Whilst Private goods are goods YOU privately own and can be shared, but at your choice otherwise its just yours.