JKSSB Mock Tests

Air and National Defence are examples of which of the following goods?

A. Private goods
B. Common goods
C. Public goods
D. Club goods
Answer: Option C
Solution (By JKSSB Mock Tests Team)
Public goods are characterized by being non-excludable and non-rivalrous, meaning one person's use does not diminish availability for others and no one can be prevented from using them.
This Question Belongs to: General knowledge mcqs Economics set 1

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