Question : Which of these is related to public goods?
Option 1: The principle of excludability applies to its consumption.
Option 2: There is a clear link between the producer and consumer, which occurs through the payment process.
Option 3: Its consumption is rivalrous.
Option 4: There is a possibility of free ridership in its consumption.
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: There is a possibility of free ridership in its consumption.
Solution : The correct option is There is a possibility of free ridership in its consumption .
The presence of free ridership in consumption is a characteristic of public goods. Free riders are individuals, or entities that benefit from a public good without paying for it. Since public goods are non-excludable, it is challenging to prevent people from enjoying the benefits even if they don't contribute to the cost of providing the goods.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
