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Describe how a VLAN works.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that one individual's consumption of the good does not reduce its availability to others and cannot be confined to paying customers only.
Private Goods
Describes products that are excludable and rivalrous, meaning their use by one individual prevents use by another.
Private Consumptions
Expenditure by households and individuals on goods and services for personal use, excluding purchases by businesses or government.
Pareto Optimal
A resource distribution paradigm where it's unattainable to ameliorate the situation of one individual without diminishing that of another.
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