Examlex
As distinct from the patronage system,the merit system for managing the bureaucracy
Nonexcludable
A characteristic of a good where it is impossible, or highly costly, to prevent someone from using the good once it has been provided.
Marginal Private Benefits
The additional benefit received by consumers from consuming one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing one additional unit of a good or service.
Public Good
A product or service that is available for all to consume, regardless of who pays and who doesn't, characterized by non-excludability and non-rivalry.
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