SSC CHSL 2023 PYQ — Question 42

The correct answer is option 4 i.e. There is a possibility of free ridership in its consumption.

Public goods are characterized by their non-excludability and non-rivalrous consumption, meaning that one person's use of the good does not reduce its availability to others, and it's difficult to exclude anyone from using it. A common issue with public goods is free ridership, where individuals benefit from the good without directly contributing to its cost. Examples include national defense, public parks, and street lighting, where the provision of these goods can lead to free riding by those who do not pay for them.