Q. Education is a necessary Public good central to the task of nation building. Which of the following statements are associated with the term ‘Public good’
1.Individuals cannot be effectively excluded from using these goods
2.Use by one individual does not reduce the good’s availability to others
Which of the statements given above is/are correct?
Answer: C
Notes:
Public goods are non-excludable and non-rival. Individuals cannot be effectively excluded from using them, and use by one individual does not reduce the good’s availability to others. Examples of public goods include the air we breathe, public parks, and street lights.
Source- Article
