Public Versus Private Goods

 

Excludability

Subtractability

 

Rival

Nonrival

 

Easy

 

Private

Personal car, sandwich, shoes, etc.

Club Goods

“toll”

Cable t.v., information, membership

 

  Hard

 

Common Pool Resources

Fresh air, water, fish, etc.

Public

“pure”

Radio, commercial television, roads, information

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