Examlex
Stock market circuit breakers stop stock trading for a short time when the stock market experiences a significant drop in stock values.
Nonrival
Refers to a good where one person's use does not reduce the amount available for others.
Nonexcludable
A characteristic of goods where it is difficult or impossible to prevent people from using the good once it has been provided.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available to every individual without diminishing availability to others, such as national defense, public parks, and clean air.
Marginal Social Benefit
The additional benefit that society receives from the consumption of an additional unit of a good or service.
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