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Private goods are not rival in consumption, but excludable. rival in consumption and excludable. rival in consumption, but not excludable. not rival in consumption and not excludable

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hjagroop15

Answer:

private goods—excludable and rival in consumption.

Explanation:

1) Private goods = excludable + rival in consumption (wheat/phone/parking space)

2) Public goods = non excludable + non rival in consumption (public sewer system/national defence/Scientific research.)

3) Common resources, non excludable + but rival in consumption (clean water in a river/clean air/fish in the ocean)

4) Club goods, excludable + but non rival in consumption (movies on Netflix/cinemas)

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