(Answered) Describe the difference between public versus private goods

Engineering

Describe the difference between public versus private goods as it relates to the rivalry in consumption and excludability. does the free rider principle play in a role in what constitutes a private or a public good/service? why? how do externalities positive or negative play a role regarding the demand and supply of a good or a service and what can government do to promote greater social welfare and reduce market failure in addressing negative externalities?

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