Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Exam 8_1657009426.do...
1.False 2.False 3.False 4.True 5.False

Exam 8
Exam 8

1.False 2.False 3.False 4.True 5.False

Unit 5 Discussion_16...
The design for the emergency room waiting room that can prevent the spread of infectious microbes to healthy patients and family members is as follows.

Unit 5 Discussion
Unit 5 Discussion

The design for the emergency room waiting room tha

Module 2 Assignment_...
The history of the Native Americans is full of diversity, hardships, oppression, and survival experiences. These experiences have contributed to building and developing talents and culture for mainstr...

Module 2 Assignment
Module 2 Assignment

The history of the Native Americans is full of div

Health Economics-DQ (1)

Health Economics-DQ

Q Please provide a commentary on the distinctions between public versus private goods. An effort should be made to apply these distinctions to the health sector.

View Related Questions

Solution Preview

View Complete Solution
The goods are being divided between public goods and private goods based on two characteristics, rivalry factor and excludable factor. A good is called a rival good, when it can be consumed only by one person at a time. In other words, in the case of rival goods, the use of one person has a significant impact on the use of other person (E. Daly, 2004). The excludable good are those, for which the users can be prevented to access the good if they don’t satisfy the certain criteria.