Term
|
Definition
The property of a good whereby a person can be prevented from using it.
Prevented from being bought or borrowed. |
|
|
Term
|
Definition
The property of a good whereby one person's use diminsihes other people's use.
If I have it, you'll have less. |
|
|
Term
|
Definition
| Goods that are both exludable and rival |
|
|
Term
|
Definition
| Goods that are neither excludable nor rival. |
|
|
Term
|
Definition
| Goods thare are rival but non-excludable |
|
|
Term
|
Definition
| Goods that are excludable but non-rival |
|
|
Term
|
Definition
| A person who receives the benefit of a good but avoids paying for it. |
|
|
Term
|
Definition
A study that compares the costs and benefits to society of providing a public good.
How much will it cost?
What are the benefits? |
|
|
