Examlex
According to Keynes, a pessimistic outlook causes consumers and businesspersons to ____, and a recession could occur.
Nonexcludability
The inability to keep nonpayers (free riders) from obtaining benefits from a certain good; a characteristic of a public good.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's consumption does not reduce availability for others.
Public Good
A good or service offered to every member of a society for free, supplied by either government entities or private individuals or groups, without seeking financial gain.
Collective Willingness
The aggregate propensity of a group to invest in goods, services, or actions that benefit the community or society as a whole.
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