The "Uptime" or Proportion of Time That a Product or System

question 71

Short Answer

The "uptime" or proportion of time that a product or system functions properly is called ________.

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Definitions:

Club Goods

Goods that are excludable but not rival in consumption

Private Goods

Products or services that are consumed by one individual and cannot be used simultaneously by others.

Rival in Consumption

A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by another individual.

Excludable

A characteristic of a good or service whereby it is possible to prevent non-paying customers from having access to it.