Examlex
Brain research has indicated that mathematical, verbal, and logical abilities tend to be located in the left hemisphere for most people. This is an example of what is technically called
Nonrivalry
A characteristic of certain goods where one person's consumption does not reduce availability to others, often associated with public goods.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction which the parties directly involved in the transaction do not fully account for.
Public Good
A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.
Marginal Benefit
The incremental utility or satisfaction derived from the consumption or production of an additional good or service unit.
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