Examlex
The amount and accuracy of information that children spontaneously recall about past events decreases substantially after about two years time.Why is this research finding important?
Excludable
A good or service is considered excludable if it's possible to prevent non-paying consumers from accessing it.
Rival
In economic terms, a good or service that cannot be enjoyed or consumed by more than one person at the same time.
Artificially Scarce Good
A product or service whose supply is deliberately limited, often to maintain high prices or for other non-market reasons.
Excludable
Excludable describes a good or service that one can prevent others from using unless they pay for it, characterized by the ability to exclude non-payers.
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