Examlex
Label the three zones that water moves through as it percolates into Earth on the image below. Also indicate the location of the water table.
Nonexcludability
A characteristic of public goods where it is not feasible to exclude individuals from using the good or benefiting from it.
Nonrivalry
A characteristic of certain goods where one person's consumption does not reduce availability to others, often associated with public goods.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction which the parties directly involved in the transaction do not fully account for.
Public Good
A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.
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