HSC Together Year 12 Economics: Public and Private Goods: Free Riders

Economics

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Public and Private Goods: Free Riders

Public goods are those which are non-rival and non-excludable, while private goods are rival and excludable. The inability to exclude users from public goods leads to free riders taking advantage of goods and services without paying for them.

Watch the video to learn more about public goods, private goods and free riders in HSC Economics:

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