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Discuss web services.
Negative Externality
A cost suffered by a third party due to an economic transaction or activity, without compensation, such as pollution from a factory affecting nearby residents.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that one person's consumption does not reduce the availability to others, and it's hard to prevent people from using them.
Nonrivalry-in-Consumption
A characteristic of certain goods where one person's consumption does not reduce the availability of the good for consumption by others.
External Benefit
A benefit that results from an economic transaction but is received by individuals or groups who are not direct parties to the transaction.
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