Examlex
Evaluate the expression without using a calculator.
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National Defense
National defense encompasses the measures and strategies implemented by a country to protect its sovereignty, territory, and populations from external threats or military aggression.
Private Good
A product or service that is exclusively owned and consumed by the individual or entity that purchases it, characterized by rivalry and excludability in consumption.
Excludable
A good or service is considered excludable if it's possible to prevent non-paying consumers from accessing it.
Rival
In economic terms, a good or service that cannot be enjoyed or consumed by more than one person at the same time.
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