Economics · Public Goods
What is meant by the term 'Public Goods' in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A commodity produced exclusively by state-owned enterprises
- 2A commodity whose benefits are non-excludable and non-rivalrous among communities✓
- 3A government welfare scheme targeted only at low-income households
- 4Any consumer commodity that is highly popular among the general public
Correct answer
A commodity whose benefits are non-excludable and non-rivalrous among communities
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Public Goods MCQs →Want more practice questions on Public Goods?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Public Goods