Public Vs Private Goods

question 10

Essay

Public vs Private Goods. Use the nonrival concept to classify each of the following goods and services as public goods or private goods. Also indicate whether or not the good or service in question can be characterized by the nonexclusion concept. Explain.
A. Lighthouse signals.
B. Small pox vaccinations.
C. Criminal justice system.
D. Local phone service.
E. The Simpsons television program provided on "free" TV.

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Definitions:

Consensus

A general agreement among various groups on fundamental matters; often used as a basis for decision making in a democratic society.

Modernity

A historical period or the quality of being modern, characterized by the transition from traditional to contemporary forms of society, economy, and culture, marked by technological innovations and changes in social norms.

Postmodernism

An intellectual stance or mode of discourse defined by an attitude of skepticism toward what it describes as the grand narratives and ideologies of modernism, as well as opposition to universalist notions.

Cultural Fragmentation

The process or state where a culture is divided into separate groups or parts, often leading to a loss of cohesion and unity.