Public Goods by https://padlet.com/sappap_2/drnjbib8uhwz Description of public goods en-us 2018-06-28 18:27:28 UTC 2018-06-28 19:02:42 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Hearts.png Public goods are a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization. It is a benefit or well-being of the public. sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268894807 2018-06-28 18:36:12 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268894807 The two characteristics of public goods are non-rivalry and non-excitability. Non-rivalry means that the consumption of the good by one consumer does not decrease the availability of the good to other consumers. Consider the street lights. One consumer's use of street lights does not decrease others' use. sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895250 2018-06-28 18:42:48 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895250 1. Public fireworks 2.Lighthouses 3.Clean Air 4.Clean Water 5. Schools sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895677 2018-06-28 18:48:30 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895677 Public goods are important because not only would we not have places for education, clean water, and unpolluted air there would not be any big public events that we've all come to be accustom to. There would be no fourth of July fireworks or Christmas decorations through the town that bring everyone together. sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895985 2018-06-28 18:54:18 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268895985 sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896317 2018-06-28 18:59:31 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896317 sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896390 2018-06-28 19:00:43 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896390 sappap_2 https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896430 2018-06-28 19:01:53 UTC https://padlet.com/sappap_2/drnjbib8uhwz/wish/268896430