Namt -Chai'tanya Mital

.No. ’ ol6-Il - 290-Qo

ToTo RJAL AxANINA TION

PoBLIe EcoNoHe&

Peubl ie Gods & tt& Characte's es

Publie osole Commoddi Heg o Romieee that bone Prts cll

the
ponvialto hy
tociatly valuable but,
gvemen t. Pubthe goools
chavackea Hes eheol bolo Cannot

eecAo, Teoo elonal charaes Hes pubtie

7heue
ade;
-aiv ay on- ex cluolabiy marbet to
too charac ems ias nalkag
. let
eonomie
achieve Paseko- opfrmaiy io defail.
gee hee chara cten'gies
Lohee ohen
Alon- Pivaby A ivl goods irdintelanl that Loit
unit Consumeo by vey
Cannst
ConsLmeDS
ano they
Carnot be
Consme the Sae pock f commo diy corsum phan
76. Perblie
to Co neeme
toolivtdael excluale9
No0- yal io . Condump
cons uropon cons tion o olheos.
enphons
foliidal fhe
?nceaee hie (her
one pesson
ot tot seeng
cooeodily othoet
Sun setb by
by oha6. peason
anothe
Aoesnt duee the
coalehing it.

1.
Non- Eveluabiy h charackestie of extluda biy
selates
Cale poiva b gosds tuch mobile ete , fhose
sho oo not pa for them Can be easi y pocvenkd fnm
touumny Mem he paodutr simply does ot
hawe mot paid Aelr
Paevi ele hem Jooals
Case
to
mot possrhle
thase peoplt oho do
do mot p
poevent fom ons umng
hee
gooda.
macet failuse
es
ensues paseto
Gjenraly, perfecty Hfire
compe HFve mor eirce emgtancat
cenol
econsmie sihrabon
oplonsy
the marteat &ys tem cannot
to hia cpHmum
3oclal wefox.
marimun

kit fatls fo achfeve

achieve economie
tohse
This s ihaaHon
ealle marbet filoe
eneluclsbility of putbl/e e goodls fen
beaae
ppesymasket failx
leaos
to paevent these
Foom
faom orsumg
hot able cast
por duee> cootbutel the
coho hawe
he comman y This s nown as

prpducNoo hat commeelih sfateo thal becae

the problim gad
Poe- ploler poblim
om sam ing pubtie
people Carnat bu excluole thee
to

thoe
tocenhve hese publ'e goocle
to foeatole ekleme
coithout ayng fom hem loill either ot
pubo Commoih ecanon

poduea
Poxeto non- op himalgy

2.