What is the difference between privates goods and services and public goods and services?

Goods : All things from which individuals derive satisfaction or happiness Services : Mental or physical labor or help purchased by consumers. Examples are the assistance of physicians, lawyers, dentists, repair personnel, house cleaners, educators, retailers, and wholesalers; items purchased or used by consumers that do not have physical characteristics Private goods and services : Goods that can be consumed by only one individual at a time. Private goods and services are subject to the principle of rival consumption Public goods and services : Goods for which the principle of rival consumption does not apply; they can be jointly consumed by many individuals simultaneously at no additional cost and with no reduction in quality or quantity Principle of rival consumption: The recognition that individuals are rivals in consuming private goods because one person's consumption reduces the amount available for others to consume.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

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