Examlex
Hackers sometimes use "sniffer programs" to illegally monitor activity on wireless networks.
Private Good
A product or service that is individually consumed and can be easily excluded from non-payers, making it rivalrous in consumption.
Subsidize
Financial support given by the government or another organization to reduce the cost of goods, services, or activities, often to encourage development or consumption.
Basic Research
Investigative study aimed at gaining a deeper and theoretical understanding of fundamental principles without immediate commercial objectives.
Free-Rider Problem
The Free-Rider Problem occurs when individuals consume a good without paying for it, particularly in the case of public goods, leading to an underprovision of that good.
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