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Match the LIST-I with LIST-II

LIST-ILIST-II
A. Public GoodI.Excludable and Rivalary
B. Private GoodII.Beneficial and detrimental effects of one economic unit upon other
C. ExternalityIII.Non-excludable and Non-rivalary
D. Mixed economyIV.Co-existence of public sector and private sector

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

A public good is non-excludable and non-rival (A-III); a private good is excludable and rival (B-I); an externality is the beneficial/detrimental effect of one economic unit on another (C-II); a mixed economy is the co-existence of public and private sectors (D-IV).

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