Merits and Demerits
Offering training for a vocation.
What is education?
Apples, ice cream, pizza slices.
What is food?
What is a public park?
Netflix, Spotify, gym memberships.
What is a subscription?
This weekend these light shows will be on display for everyone.
What are fireworks?
Cigars, cigarettes, and vaping products.
What are tobacco products?
Both rivalrous and excludable.
What are private goods?
Street lights, radio, scientific knowledge.
What are public goods?
Movie theaters, concerts, cinemas.
What is entertainment?
Guide all ships, not just those that pay.
What is a light house?
Casinos, tracks, and lotteries.
What is gambling?
Houses, chairs, beds.
What is real estate/furniture?
One person paying for the good does not prevent others from doing so.
What is the free rider problem?
Toll roads, gated communities, private beaches.
What is private infrastructure?
Data/software that is available to everyone for free.
What is open source?
High sugar, high fat, and sugary drinks.
What is fast food?
Fish in the ocean, trees in a public forest, freshwater, clean air.
What are common goods?
Protection provided to one citizen protects all equally.
What is national defense?
You lined up to get the new release but the Apple store has run out of this.
What is the iPhone?
A popular, fast-paced browser-based trivia game.
What is popsauce?
Child car seats and bicycle helmets.
What is safety equipment?
Consumption "uses up" the good or reduces the amount available for others.
What is depletion?
Non-rivalrous but access can be restricted.
What are club goods?
You go to the rest stop and the door says occupied.
What is the washroom/restroom?
Warns everyone in Vancouver, not just those who funded it.
What are tsunami sirens?