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Private Markets
Markets where transactions occur directly between parties without significant regulatory oversight, often avoiding public exchanges.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.
Free-riders
Individuals who benefit from resources, goods, or services without paying for them, often seen in public goods and collective risk scenarios.
Private Markets
are markets where transactions are conducted directly between two parties without being publicly traded on an exchange.
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