Examlex
Fault types are defined by
Common Resource
A resource, like air or water, that is accessible to all members of a society but subject to overuse and depletion.
Negative Externalities
Costs suffered by a third party due to an economic transaction they were not involved in.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service, considering both private and external benefits.
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