Examlex
The symbol [O] written above a reaction arrow means
Non-excludable
Characterizes goods or services that cannot easily prevent people who do not pay from consuming or using them, such as public goods.
Non-rivalrous
A characteristic of a good whereby one person's use does not diminish the utility or availability of that good for others.
Laissez-faire System
A laissez-faire system is an economic principle advocating minimal government intervention in the operations of free markets and the economic decisions of individuals and businesses.
Market
A market is a platform or environment where buyers and sellers come together to facilitate the exchange of goods, services, or information.
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