Once one person discovers an idea, the idea generally enters society's pool of knowledge. Therefore, knowledge is generally what kind of good?
A) a societal good
B) a private good
C) a public good
D) a normal good

Question

Quizplus · Accepted Answer

Knowledge is generally considered a public good because it is non-excludable (once an idea is out there, it cannot be easily withheld from others) and non-rivalrous (one person's consumption of knowledge does not diminish the amount available for others to consume).

Once One Person Discovers an Idea, the Idea Generally Enters