Examlex
Aggregating the catalogs of all approved suppliers and combining them into a single electronic catalog is an effective solution for internal procurement because it minimizes maverick buying.
Public Good
A product that is non-excludable and non-rivalrous, meaning it can be consumed by multiple people without diminishing availability to others.
Total Quantity Demanded
The sum of all individual quantities of a good or service demanded at a given price level within a specified period.
Public Good
A product that is non-excludable and non-rivalrous in consumption, meaning its use by one individual does not reduce its availability to others.
Excludability
A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.
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