A Private Good Is

question 43

Multiple Choice

A private good is

• A) rival but not excludable.
• B) not rival but excludable.
• C) both rival and excludable.
• D) neither rival nor excludable.

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Definitions:

Underemployed

Underemployed refers to individuals working less than they would like to, either in terms of hours or in jobs that do not utilize their skills fully, often leading to lower incomes and job satisfaction.

Human Capital

The sum of abilities, insights, and non-physical resources of people which can be employed to produce financial gain for the person, their company, or the community.

Technology Adoption

The process by which individuals and businesses start using new technologies or upgrade to more advanced technological systems.

Private Channels

Means of communication or distribution that are owned, controlled, or operated by private entities, not accessible by the general public or restricted in access.