List Three Areas Where Inclusion Can Occur

question 25

Short Answer

List three areas where inclusion can occur.

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Definitions:

Private Good

A good or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.

Nonpayers

Individuals who benefit from goods or services without directly contributing to the cost, often associated with public goods.

Nonexcludability

is a characteristic of public goods where it is impossible to prevent individuals from enjoying the benefits of a good or service, regardless of whether they have paid for it.

Free-riding

The act of benefiting from the efforts, costs, or contributions of others without making a fair contribution oneself, often seen in public goods scenarios.