Assignment 3
Do you think that an airport is a public g

Question

Assignment 3
Do you think that an airport is a public good?
• Explain your reasons.

Khushi Kumari Choudhary · Accepted Answer

Assignment 3

In order to be termed a social utility, a public good ought to be non-excludable and quasi rivalrous. It is either expensive or impracticable for one consumer to prevent everyone else from utilizing a good, that one individual utilizing a public good can exclude everyone else from utilizing the identical good, even though excluding everyone else would've been prohibitively costly or unfeasible. For example, as in case of air travel, this is extremely simple even though would exclude people who could perhaps afford to pay or are not paid for the airplane ticket. Furthermore, for a public good, the virtue must be non-rival, which explains that use by one individual or a collection of people should not prevent everyone else from experiencing the good as well as reaping the beneficial effects of such a good. For example, in the instance of air travel, if it seems to be a grab meeting, the highest reservation could indeed inhibit other individuals from obtaining seats.
A public good has two pivotal attributes: it is not exclusive, and it is not competitive. When we say quasi, we mean public goods that can't be denied to a specific person or grouping of individuals. However, as everyone understands, air travel requires a specific degree of funds in order for customers to use the services. Air travel is exclusively accessible to individuals who really were affluent and seem to be able to pay the fee. Non-rivalrous public goods, on its contrary side, imply that if one user utilizes the commodity, it doesn't preclude everyone else from utilizing it. However, air travel is solely available for individuals who are able to pay the fee and other conditions. Air flight can’t be deemed a public utility since it is neither non-excludable and non-rivalrous.

Assignment 3

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