Examlex
A friend of yours is pregnant. She has read about the potential problems that could occur with a pregnancy. Based on this chapter, what three pieces of advice would you offer to ease this person's concerns for her unborn child?
Nonrival
A characteristic of a good or service that allows its consumption by one person without reducing its availability to others.
Common Resources
Natural or man-made resources that are not owned by anyone, tend to be overused or depleted, and are difficult to exclude people from using.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person without diminishing availability to others.
Private Goods
Goods that are excludable and rival in consumption, meaning their use by one person prevents use by another.
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