BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Examples of public goods are education, infrastructure, lighthouses, flood control systems, knowledge, fresh air, national security, official statistics, etc.

Detailed explanation-2: -The example of public goods is national defense, streetlights, and lighthouses.

Detailed explanation-3: -The types of public goods include security, education, knowledge, infrastructure, environment and health.

Detailed explanation-4: -National Defence, Light House, and Public Parks are an example of Public goods as people are not charged for it by the government.

Detailed explanation-5: -For a good to be a public good, it must be nonexcludable and nonrival. So, for example, public transportation is not a public good. It is excludable, because the transit company won’t give you a ride if you don’t pay the fare. It’s also rival because public transportation has limits.