1.3.5.3a - distinction between public and private goods: public goods • private goods: rival and
- Syllabus
- 2018
- Objective
- 1.3.5.3
- Level
- AS
The distinction between public and private goods: public goods; private goods: rival and excludable; public goods: non-rival and non-excludable.
Use a - distinction between public and private goods: public goods • private goods: rival and to connect the rule to the data and decision in the question.
This matters because a - distinction between public and private goods: public goods • private goods: rival and determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.
Example: apply a - distinction between public and private goods: public goods • private goods: rival and to one small, clearly defined case, show the key step or comparison, and explain the result in words.
Boundary: a - distinction between public and private goods: public goods • private goods: rival and is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.