Examlex
What is the danger of chasing too many opportunities? Explain the significance of the opportunity domain.
Public Goods
Items that cannot be restricted to non-payers and whose consumption by one individual does not diminish availability to others; these are accessible to all, regardless of payment.
Positive Externalities
External benefits.
Common Resource
A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.
Property Rights
Legal rights to possess, use, and dispose of assets.
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