ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Examples of public goods include law enforcement, national defense, and the rule of law. Public goods also refer to more basic goods, such as access to clean air and drinking water.

Detailed explanation-2: -The types of public goods include security, education, knowledge, infrastructure, environment and health.

Detailed explanation-3: -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-4: -This category is called impure public goods. A perfect example is a highway system. Once built, everybody who owns a vehicle can use it. That means the impure public good can also be consumed jointly.