Examlex
What public policy change followed the tragic Melbourne, Australia fire of 2009?
Government Intervention
Regulatory actions taken by a government in order to affect decisions made by individuals, groups, or organizations within its economic systems.
Excludable
A characteristic of a good or service that allows the owner or provider to prevent others from using it without permission.
Rival
A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.
Public Goods
Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
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