The public goods:
Public goods are the goods which are provided by the government to the people for the satisfaction of their needs and these goods satisfy collective needs of people.
The types of these goods do not have a rival or any type of competition in the market and are used by a lot of people in the economy.
For example providing safe drinking water to the public by the government is very important for the living of the people and satisfies the public utilities and needs of a lot of people.
