Question

Name two public goods and explain why they are public goods.

Short answer

Police protection and radio broadcasts are two of the public goods.

Step-by-step solution

content Introduction

A nonexcludable and nonrival public good is one that is difficult for market enterprises to sell to individual clients. Public goods include a wide range of government services.

Content Explanation

Police protection is said to be an example of public good. Protecting only a few people in the community from burglary while excluding others would be challenging. Providing security to some people entails safeguarding the entire society from burglary. Radio transmissions are another example. It will be difficult to prevent anyone from receiving a radio signal after it has been broadcast. Furthermore, other people will not be stopped from getting the radio broadcast if one person is listening to it.