Public Goods: These are things everyone can use, like a beautiful sunset or a radio broadcast. When you enjoy them, it doesn’t stop others from doing the same. Free Rider Problem: People often don’t want to pay for public goods because they’ll benefit anyway. Imagine not paying for a radio program – you can still listen! Solutions: Entrepreneurs get creative. They mix good things (like the radio program) with less desirable things (like ads) to fund public goods. Punishment: Sometimes, we need rules. In communities, if everyone shirks their duties (like not hunting), there won’t be enough food. So, punishment encourages cooperation. Remember, public goods challenge our usual thinking, but we find ways to make them work! 🌟