Difference between revisions of "Nonrival good"
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| − | A nonrival good is one that can be used or consumed by one person without reducing the amount left for others. In other words, a nonrival good can be used again and again at almost no additional cost. | + | A '''nonrival good''' is one that can be used or consumed by one person without reducing the amount left for others. In other words, a nonrival good can be used again and again at almost no additional cost. |
Examples of nonrival goods are designs, [[movies]], [[television]], fireworks, algorithms and patents.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | Examples of nonrival goods are designs, [[movies]], [[television]], fireworks, algorithms and patents.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | ||
Revision as of 20:23, November 18, 2007
A nonrival good is one that can be used or consumed by one person without reducing the amount left for others. In other words, a nonrival good can be used again and again at almost no additional cost.
Examples of nonrival goods are designs, movies, television, fireworks, algorithms and patents.[1]