Which of the following would be considered "rivalrous" and "excludable". Club Goods. Common Goods. Private Goods. Public Goods.

Private goods are considered both rivalrous and excludable. They are rivalrous because when one person consumes a private good, there's less available for others—for example, if you bite into a chocolate bar, nobody else can enjoy that exact bar! They are excludable since sellers can prevent people who don’t pay from accessing them, like a concert ticket that keeps non-ticket holders out of the event. Club goods, on the other hand, share characteristics that make them a bit different. They are excludable but non-rivalrous, which means that membership to a club (like a gym) can be restricted, yet many members can use the facilities at the same time without diminishing others' ability to enjoy them. So, while you have to pay to join, your workout doesn’t get in the way of someone else’s treadmill time!