Which Two Types of Goods Are Excludable

question 145

Essay

Which two types of goods are excludable?

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Definitions:

Information

Data that has been processed, organized, or structured in a context specifically so it is meaningful to the person who receives it.

Software

Software encompasses the programs and operating information used by a computer, enabling it to perform specific tasks beyond its basic hardware capabilities.

Hardware

The physical components and devices that constitute a computer or computing system.

Data

Information processed or stored by a computer.