Examlex
Intel makes microchips from raw materials acquired from suppliers.Intel is a:
Nonexcludable
A characteristic of public goods where it is not feasible to exclude individuals from using the good, leading to potential free-rider problems.
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.
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