Examlex
Match the word or phrase with its definition.
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Excludable
A characteristic of a good or service that allows the owner or provider to prevent others from using it without permission.
Rival
A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.
Public Goods
Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
Private Goods
Goods that are both excludable and rivalrous, meaning only those who pay for them can use them, and one person's use of the good reduces others' ability to use it.
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