Difference between revisions of "Rival good"
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(New page: A rival good is one that can be used by only one person at a time, such as a lunch.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> A rival good is to be distinguished fr...) |
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A rival good is one that can be used by only one person at a time, such as a lunch.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | A rival good is one that can be used by only one person at a time, such as a lunch.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | ||
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| + | A rival good can be loaned or shared, but has inherent limits on the amount of sharing possible. Sharing takes away from the use by the owner. | ||
A rival good is to be distinguished from a [[nonrival good]]. | A rival good is to be distinguished from a [[nonrival good]]. | ||
Revision as of 17:19, May 4, 2007
A rival good is one that can be used by only one person at a time, such as a lunch.[1]
A rival good can be loaned or shared, but has inherent limits on the amount of sharing possible. Sharing takes away from the use by the owner.
A rival good is to be distinguished from a nonrival good.