Examlex
Based on Hardin's arguments in "The Tragedy of the Commons," in which case would resources be best conserved in order to maximize yield?
Nonexcludable
A characteristic of a good where it is impossible, or costly, to exclude individuals from using the good once it has been provided.
Free-rider Problem
A situation where individuals consume more than their fair share of a public good, or pay less than their share of the cost, leading to underprovision or depletion of the good.
E-book
A digital format of a book that can be read on computers or other electronic devices.
National Defense
Activities and strategies undertaken by a nation to protect itself from external threats and ensure the safety of its citizens.
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