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Education is both a public good and a private good. A public good is defined by two characteristics: non-excludability and non-rivalry. Public goods are for everyone and there is no competition for the good. Most people believe that a higher education is a pure public good but it is not. Society benefits when people get a higher. education. Statistically people with a college education tend to be more active citizens and their volunteering.with their volunteering and other activities benefiting those around them. Also statistics have shown that more new products and services are available to society because of the contributions of college graduates. These are the positive externalities of education. The negative aspect of education is  that even though the benefits of higher education are shared the costs for higher education are not shared. A higher education benefits society but the cost of a higher education proves a problem for those that want a higher education. Students themselves do reap some benefits: they are likely to be better off- both financially and otherwise-than their compatriots who do not go to college. However, students do not benefit as much as society. Therefore education is both a private and a public good.

This article tell us some information about public and private goods, explains the difference between them. It also shows how it's possible to turn public good into private good, and tells the consequence of that process.(using education,schools as an example)

The article is talking about the changes in Public goods in different generations.The writer is comparing privatisation and public goods and services.These days, however, the distinction between 'public' and 'private' has become blurred.In Britain, for example, the railways were privatised and an 'internal market' was created within the National Health Service on the grounds that this improved the efficiency of service delivery for 'customers'. There are some circumstances in which it is sensible to privatise, there are many good reasons why wholesale privatisation should be shunned.

This article discusses the upcoming general election in Ghana and one specific policy at stake: the government funding of education. Much debate has occurred over this idea, and one policy, Senior High School (SHS), aims to immediately begin funding of Senior High School education, while another will hold off government funding until the year 2032. The writer of this article expresses his belief that public education is a public good and therefore the government has the responsibility to provide it free of charge. The sooner public education is provided to children, the sooner the society will develop and become more equal as a result.

This article evaluates whether or not energy a public good. it goes through the history of energy and states that it was viewed as a marketable public good. It gave the Rural Electrification Act of 1936 as an example of the government providing cheap electricity to rural areas. It compares electricity and energy to health stating that healthcare is a pure public good. It introduces and talks of a debate on this subject.

This article is about the government of Uttar Pradesh who is trying to change the spending habits from the previous government. The previous government spend money on statues and parks that didn't help the public. Chief Minister Akhilesh Yadav promises that they will spend money on public goods that will benefit society.

This article is interesting because it explores the idea of being able to make a profit from public goods.

This article talks about how lately, as the government is running out of money, the residents of New York City have begun to turn to buying goods that used to be public. They can no longer go to the public library and instead they are going to bookstores. They cannot go to the park, and instead are going to expensive gyms.

This article, written in Ghana, talks about the necessity of education, and how it should be considered a public good and should be provided for free by the government. The author of the article talks about how education changed her life and how it can save impoverished students. However, many of these students do not have access to education, because it is not a free public good.

This article is a great example of government intervention into the market of public goods. This article details the rather controversial plan of President Obama to cut $487 billion dollars over the next decade, with the possibility of an additional $500 billion dollars of cuts if Congress agrees, which will most likely never happen.

This article is talking about how the result of the presidential election effect the health care. Mitt Romney will probably end the health care whereas Obama will absolutely keep it. Health care is a public good, it has positive externality and should be encouraged. However, the cost of providing health care is very high. According to the article, 'Affordable Care Act won't be fully in place until 2014'. Two candidates has different solutions. Obama choose to keep it, and Romney choose to end it due to the high cost. From this article we can see the limitation of government intervention of economy, and how different parties and people have different opinions.

This interesting article from the economist, explains the crisis behind the fact that America is not investing enough in public education. This is a problem due to the fact that the future of the working force depends on the educational system.

Healthcare is considered a public good. However, this article explains why health care costs so much in America. It states that doctors are being pressured to fill the empty beds in hospitals because of money.

The tax burden on citizens in Quebec has made Quebec one of the poorest provinces in Canada. As there is not a lot of growth within Quebec, the tax burden is increasing and this causes Quebec's standard of living to drop.

This article is very interesting because it broadens the definition of a public good to include social media sites like Facebook and Twitter, as well as other open-source software like Google and Wikipedia. In this case, the free-rider problem would not really be a problem at all.

The article is about how the 'President Barack Obama's administration's health care act has come under fire for mandating that business owners pay for a portion of their employees' contraceptives'. But it also talks about religious principles and religious freedom from the actions taken by the government.

Senator Kevin DeLeon plans to spend a large portion of the money for schools. This is an improvement in public education, which is a public good provided by the government.

This is an extremely interesting article in that it shows a real life situation that is described in our reading, the situation in which massive monopolies may need to be broken up. In this case the reasoning behind the proposal is the fact that these banks are making massive profits, and sparking public outrage, which China's premier hopes to quell by putting forth this proposal.

This article discusses how oil is becoming an inelastic good. Although people can arrange their lives to reduce their consumption of oil, quickly there comes a point where it is not possible to purchase a smaller amount of oil. Oil would definitely be considered an essential good.

The article evaluates elasticity in terms of oil supply and demand. it states that there are still untapped oil reserves which are more expensive to obtain and requires more time. As a result, oil is becoming less elastic. it talks of possible ways of reducing oil consumption such as public transport or getting a more fuel efficient vehicle which is unlikely as it is expensive. it also evaluates the the elasticity of supply. it talks off how suppliers need a minimum price/barrel in order to keep a balanced budget so suppliers are reluctant in increasing supply in order to reduced the prices. It provides data over a 10year time period which analyses the oil consumption and supply of oil in terms of different uses and change in costs. It also relates it to the recession stating that job loss has lead to less people commuting decreasing demand and increasing price

This article is interesting because it talks about the chain affect of low supply. The articles talks about how the global failure to harvest maize and soya is causing the supply of pig-feed to be low. This causes the price of pig feed to increase and makes it hard for farmers to continually purchase it. This isn't only affecting the farmers, but it is affecting the public. Farmers can't maintain healthy pigs so the supply of pork and ham decreases, which causes the price to increase. This means people aren't as willing to buy pork and ham. The competition between the large amounts of farmers also doesn't help the supply of pig-feed.