Examlex
Are hasty generalizations always false?
Artificially Scarce Good
A product or service whose supply is deliberately limited, often to maintain high prices or for other non-market reasons.
Excludable
Excludable describes a good or service that one can prevent others from using unless they pay for it, characterized by the ability to exclude non-payers.
Nonrival
A characteristic of a good whereby one person's consumption does not reduce availability to others, often associated with public goods.
Nonrival
A characteristic of a good whereby one individual's consumption of the good does not reduce its availability for consumption by others.
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