wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is meant by public goods?

Open in App
Solution

Public goods are the goods which are meant for collective use by all sections of the society.

Example: National defence and judiciary.


flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
New Forms of Money
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon