Comments to Peer Response DQ1MD and DQ2 JB Essay

Comments to Peer Response DQ1MD and DQ2 JB - Essay ExampleThe buyer and the vender have to make negotiations to a point where they mutually benefit from the transaction. This may compromise the expectations of the two parties. Greater negotiations by consumers boost competitive pressures leading to amend value for money. This is reflected in the lower costs and higher service value (Benassy, 2005).These are goods or services that can be used by legion(predicate) individuals concurrently without diminishing the value of consumption to any one of the individuals. This argument supports that it is difficult to elicit peoples preferences for macrocosm goods. This key feature of public goods, that several individuals can use the same good without reducing its value, is expressed as non-rivalry (Batina & Ihori, 2005). Non-rivalry is what differentiates public goods from private goods. Public good also has the features of non-excludability that is a soul cannot be stopped from using th e commodities regardless if the person makes payment.Economists refer to public goods asnon-rivals and not excludable. These goods may include national security, drain systems, public amateur areas and crucial television and radio transmits (Centre & Touffut,