Buy custom Amartya Sen’s Public and Private Goods
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Philosophy
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A private good described by Sen is a good that is “compete and be exclusive.†For example a pair of shoes is a good that we both could use but not together. Therefore if I use the pair of shoes you cannot, making it a private good. A public good is the contrast of a private good. Therefore if a single individual was to use or consume the good, it does not stop the consumption of the good from others...
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A private good described by Sen is a good that is “compete and be exclusive.†For example a pair of shoes is a good that we both could use but not together. Therefore if I use the pair of shoes you cannot, making it a private good. A public good is the contrast of a private good. Therefore if a single individual was to use or consume the good, it does not stop the consumption of the good from others...
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Amartya Sen’s Public and Private Goods
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