Examlex
Advantages of rear-wheel drive include reduced weight and a more efficient drivetrain, resulting in better fuel economy.
Public Good
A public good is a good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and use by one does not reduce availability to others.
Nonrival
A characteristic of a good where its consumption by one individual does not reduce its availability to others; often associated with public goods.
Free-rider Problem
A situation where individuals consume or benefit from resources without paying for them, often leading to under-provision or depletion of those resources.
Streetlights
Outdoor lighting fixtures installed along streets to provide illumination during the night for public safety and convenience.
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