Examlex
Discuss the impact on the environment of China's economic development.
Public Good
A product or service that is made available to all members of a society, characterized by being non-excludable and non-rivalrous in consumption.
FM Radio Station
A broadcast station that uses frequency modulation to provide radio programming to the public within a certain geographic area.
Excludable
A feature of a product or service that enables the owner to restrict its use by others without obtaining consent.
Rival In Consumption
Describes a good or service whose consumption by one individual prevents simultaneous consumption by other individuals, making it exclusive in nature.
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