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.
The capital resource is a tractor.
Explanation:
The four possible solutions of the above social problems are; Poverty-By providing education, skill training and job opportunities in a society. Unemployment-Providing job-oriented education,training to the people by Government to solve the problem of unemployment.
Answer:
honestly I don't know what the hell that is
<span>The correct answer is C. Tournament pay :)</span>
