If at a given time of the day, the state road 408 is higly congested, then it could be considered to possess the properties of a COMMON PROPERTY GOOD.
There are four types of economic goods, these are: public goods, private goods, common property goods and club good.
Common properties goods are those goods which are characterised by rival consumption and non exclusion of non payers. Rival consumption implies that consumption by a user imposes limitations on what others can consume, but a user can not stop another user from enjoying the good. Common property goods are equally owned by everyone and are not controlled by anyone in particular, thus these goods usually need government intervention.
Answer: False
Explanation: They have a division for college students , parents and educators.
<span>The
answer is skill-based volunteering or volunteerism. It is a tactical type of volunteerism that allows
professionals to make use of their skills to impact nonprofits to help make
stronger their operation and services. Also it fosters cross-departmental cooperation
and has been proven to improve a company’s performance.</span>
Answer:
Inferior good
Explanation:
Inferior goods are those type or the kind of goods whose demand falls or decline when the income of the person or customer or individual rises or increases.
In short, the demand of the inferior goods is related inversely to the customer or person income.
So, in this case, the person bought 10 frozen pizzas per month, but when the person start earning, then the person would not buy the frozen pizzas. The frozen pizza will be inferior good for the person as the income of the person will rise.
