Table : TABLE 2 TAXONOMY OF PRIVATE AND PUBLIC GOODS
TABLE 2 TAXONOMY OF PRIVATE AND PUBLIC GOODS
Property Rights
Characteristics of GoodsExclusiveNonexclusive
RivalPure private good

  • Airline seat

  • Ice cream bar

    		• Common property resource

  • Ocean fishery

  • Highways

    • NonrivalPublic good with exclusion

  • Cable TV

  • Satellite radio

    		• Pure public good

  • National defense

  • Public broadcasting