Examlex
Explain the following concept: "Observation provides issues to explore, not proof."
Public Goods
Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
Private Goods
Goods that are both excludable and rivalrous, meaning only those who pay for them can use them, and one person's use of the good reduces others' ability to use it.
Common Resources
Goods that are rival in consumption but not excludable
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one person without reducing their availability to another.
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