Difference between revisions of "Rival good"
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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> |
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 can be loaned or shared, but has inherent limits on the amount of sharing possible. Sharing takes away from the use by the owner. | ||
Latest revision as of 18:34, July 13, 2016
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.