, ECS3704 Assignment 1 (100% COMPLETE
ANSWERS) 2025
PUBLIC ECONOMY
Assessment 1 (Lesson 2)
Analyse the difference between public and private
goods in table format. Explain why
certain goods such as higher education are
regarded as mixed goods or quasi-public
goods.
PUBLIC VS PRIVATE GOODS
Table of Contents
1. Introduction
2. Differences Between Public and Private Goods (Table)
3. Explanation of Mixed Goods and Quasi-Public Goods
4. Conclusion
1. Introduction
Goods and services in an economy are typically classified
based on their consumption characteristics. The two primary
classifications are public goods and private goods. Public
goods are those that are non-excludable and non-rivalrous,
ANSWERS) 2025
PUBLIC ECONOMY
Assessment 1 (Lesson 2)
Analyse the difference between public and private
goods in table format. Explain why
certain goods such as higher education are
regarded as mixed goods or quasi-public
goods.
PUBLIC VS PRIVATE GOODS
Table of Contents
1. Introduction
2. Differences Between Public and Private Goods (Table)
3. Explanation of Mixed Goods and Quasi-Public Goods
4. Conclusion
1. Introduction
Goods and services in an economy are typically classified
based on their consumption characteristics. The two primary
classifications are public goods and private goods. Public
goods are those that are non-excludable and non-rivalrous,
