TYPES OF GOODS

Congestible Public Goods: These are partially rivalrous (i.e., by imposing a fee, the users may become excludable). 

Social Goods or Public Goods: Which are produced or provided by the government. 

Pure Public Goods: Which are produced by the government but are totally non-rivalrous and non-excludable. 

Private Wants: Which can be satisfied by the market. 

Social Wants: Which are satisfied by the government. 

Merit Wants: Which can be satisfied by the market but because of non availability of resources in the hands of a certain sections of the society, government must satisfy these wants. 

Functional Finance: Use of the government finances i.e., tax and expenditure policies, for achieving the goal of economic stability, i.e., to avoid both depression and inflation.