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Mitch knows that if he and his brother play quietly until their mother finishes her college homework, that she will rent a movie for them and make them popcorn.Mitch and his brother's anticipation of this movie night reward is referred to by Julian Rotter as
Rival
Describes a good or resource that cannot be consumed by more than one person or entity at the same time without diminishing its availability to another.
Nonexclusive
A property of a good or service where one person's use does not diminish availability to others.
External Benefit
A benefit that results from an economic activity which accrues to unrelated third parties.
Third Party
An entity involved in a transaction or agreement who is not one of the principal parties.
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