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Most of the goods we interact with in our daily lives are _________, which means that they can be owned by a particular person or group of people, and are excluded from use by others.

Question

Most of the goods we interact with in our daily lives are _________, which means that they can be owned by a particular person or group of people, and are excluded from use by others.

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Solution

The blank in the sentence should be filled with the word "private goods". So, the complete sentence is: "Most of the goods we interact with in our daily lives are private goods, which means that they can be owned by a particular person or group of people, and are excluded from use by others."

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