Name Two characteristic of public goods?

1. Non-excludability: Public goods are goods that are available to all individuals in society, regardless of whether they have paid for them or not. This means that it is difficult to exclude individuals from benefiting from the good once it is provided.

2. Non-rivalrous consumption: Public goods are goods that can be consumed by one individual without reducing the amount available for others to consume. In other words, the consumption of a public good by one individual does not diminish the ability of others to also consume it.

1. Non-excludability: Public goods cannot be easily restricted from being consumed by those who do not pay for them. This means that it is difficult to exclude people from enjoying the benefits of public goods, even if they do not contribute to their cost.
2. Non-rivalrous: Public goods can be consumed by multiple people at the same time without diminishing the quality or quantity of the good for any one individual. For example, a public park can be enjoyed by many people at the same time without reducing the enjoyment of the park for any one person.