Examlex
What are the signs and symptoms of sickle-cell anemia and what causes it?
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without depleting and without preventing others from consuming it.
Nonrival
A good or service is nonrival if its consumption by one individual does not reduce its availability to others.
Nonexcludable
A characteristic of public goods: Once a good is produced, no one can be excluded from enjoying its benefits.
Marginal Social Benefit
The additional gain to society as a whole from consuming or producing one more unit of a good or service.
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