Examlex
The Magna Carta set an important precedent by establishing
Public Good
A product or service that is available for all to consume, regardless of who pays and who doesn't, characterized by non-excludability and non-rivalry.
Free-ride
The act of benefiting from resources, goods, or services without paying for the cost of the benefit.
Rival
In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.
Excludable
Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.
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