Classify Each of the Following Goods on the Basis of the Characteristics

question 20

Essay

Classify each of the following goods on the basis of the characteristics of excludability and rivalry in consumption,giving appropriate reasons.
a)A lighthouse
b)A pair of shoes
c)A paid Web site
d)A congested non-toll road

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Definitions:

Family Violence

encompasses a range of abusive behaviors that occur within a family, including physical, emotional, and sexual abuse.

Intense Stress

A high level of psychological pressure or strain, which can impact an individual's mental and physical health.

Serious Family Violence

Acts of family violence characterized by severe physical harm, serious emotional abuse, or life-threatening actions towards family members.

Rate

A measure, quantity, or frequency, typically one measured against another quantity or measure.