ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Common examples of rival goods include food, clothing, electronic goods, cars, plane tickets, and houses.

Detailed explanation-2: -Non-rivalry The television itself is a rival good, but television broadcasts are non-rival goods. Other examples of non-rival goods include a beautiful scenic view, national defense, clean air, street lights, and public safety. More generally, most intellectual property is non-rival.

Detailed explanation-3: -The television itself is a rival good, but television broadcasts are non-rival goods. Other examples of non-rival goods include a beautiful scenic view, national defense, clean air, street lights, and public safety. More generally, most intellectual property is non-rival.

Detailed explanation-4: -If a good has a price attached to it, whether it’s a one time payment like in the case of clothing or cars, or an ongoing payment like a subscription fee for a magazine or a per-use fee like in the case of public transport, it can be considered to be excludable to some extent. A common example is a movie in a cinema.