Which of the following is a feature of public goods?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Consumption of one person does not affect the consumption of another person.
Public commodities that are consumed by people but whose supply is unaffected by use are known as non-rivalrous products. In other words, the quantity of a given good that is available for use by others is unaffected when a person or group of people consumes it.
- One example of a non-rival good is television; when one consumer turns on their TV, it does not stop the TV in another consumer's home from working. Television transmissions are non-rival products, whereas the television itself is a rival good.