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define public and perivite good?

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Define public sector?

the economic sector asset by government for public welfare.


1 What are the two characteristics of public goods?

Non-Excludability - Meaning that no one can be excluded from it's usage. Non-Rivalry - One's person consumption of said good won't prevent another's consumption of it. Then there's a quasi-public good that have some characteristics but not all of a public good e.g. National Health Service: there's a limited amount of staffing and drugs so there is some rivalry. It's disputable whether there really is such thing as a real public good since resources are limited and a person probably could be excluded from it's usage in the right circumstances.


What are the characteristics of a country?

The characteristics of a country are the elements that define a country. Some of the basic elements include a constitution, citizens, a national symbol, a president and so many more.


Is US border patrol a public good or a private good?

Its a public good.


What are the two cost benefit criteria that a public good must meet?

A public good must meet two key cost-benefit criteria: non-excludability and non-rivalry. Non-excludability means that individuals cannot be effectively excluded from using the good, while non-rivalry indicates that one person's use of the good does not diminish its availability for others. These characteristics ensure that public goods can be enjoyed broadly without the constraints typical of private goods, justifying their provision by the government or community.

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