a Give an example of a good or service that is intangible no

a. Give an example of a good or service that is \"intangible\" (not a physical commodity) and is NOT shareable and not provided by a government. Explain briefly why it cannot be shared. b. Does sharing commonly occur in the production of the kind of good or service in your example in part a? If so, explain what kind of sharing, and what objects or agents share what good or service. If not, explain how we can tell that no sharing occurs in the production of that good or service.

Solution

a. An example of a good or service that is intangible and is not shareable and not provided by the government is having a haircut by the barber. It is intangible and not provided by the government. It cannot be shared because it is rival in consumption and excludable. Only those who pay for the haircut will have a haircut and when one is having the haircut by a particular barber another cannot have it.

b. no, sharing does not occur in haircut service as it is pure private service. Sharing is possible in case of public goods or Quasi public good or Merit good. Since the service chosen is a pure private good and not a public good and thus no sharing occurs in the production or delivery of haircut services.