Difference between revisions of "Rival good"

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[[Category:Economics]]

Revision as of 06:33, July 23, 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.

References