Examlex
Using our text, explain the difference between a prophet and a sage. Using examples (e.g., Muhammad and the Buddha), explain why the terms fit one of the religious founders and not the other.
Excludable
A characteristic of a good or service that allows owners or producers to prevent its use or consumption by others.
Rival
in the context of goods, refers to a type of good for which one person's use diminishes others' ability to use it.
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.
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