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During the adolescent growth spurt,different parts of the body change at different times and different rates;a phenomenon called
Private Good
A type of good that is characterized by excludability and rivalry, meaning it can be consumed by only one person at a time.
Excludable
A characteristic of a good or service that allows owners or producers to prevent others from using it without paying for it.
Rival
An entity engaged in competition for the same objective or for superiority in the same field.
Public Good
Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
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