Difference between revisions of "Nonrival good"
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| − | A ''' | + | A '''non-rival 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> | ||
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| + | Goods which are non-rival and [[nonexcludability|non-excludable]] are [[public goods]]. | ||
== References == | == References == | ||
Latest revision as of 14:22, August 6, 2010
A non-rival 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]
Goods which are non-rival and non-excludable are public goods.