Difference between revisions of "Excludability"
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| − | '''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude use by others. | + | '''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude from use by others. |
Examples of excludability are secrets, tickets, patents, trademarks and and copyrights. | Examples of excludability are secrets, tickets, patents, trademarks and and copyrights. | ||
Revision as of 18:56, January 28, 2009
Excludability is an economic term for a good for which the owner can exclude from use by others.
Examples of excludability are secrets, tickets, patents, trademarks and and copyrights.
Excludability is essential in determining whether a nonrival good will be produced.[1]