Difference between revisions of "Nonexcludability"
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| − | + | Non-excludable goods in economics are goods where it is not possible for one individual or group to prevent the use of the good by other individual or group. | |
| − | Among [[rival goods]], | + | Among [[rival goods]], an example is fish found in the ocean. Among [[nonrival goods]], in example is a mathematical discovery.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> |
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| + | Goods which are non-excludable and [[nonrival good|non-rival]] are [[public goods]]. | ||
== References == | == References == | ||
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| − | [[ | + | [[Category:Economics]] |
Latest revision as of 16:45, July 13, 2016
Non-excludable goods in economics are goods where it is not possible for one individual or group to prevent the use of the good by other individual or group.
Among rival goods, an example is fish found in the ocean. Among nonrival goods, in example is a mathematical discovery.[1]
Goods which are non-excludable and non-rival are public goods.