Examlex
Psychologists and other scientists are cautious in the statements they make about the connections between personality and health because of the correlational nature of much of the research and the difficulty in determining causality.
Public Goods
Goods or services that are non-excludable and non-rivalrous, meaning they are freely available to all and used by one person does not reduce availability to others.
Positive Externality
A benefit received by a third party resulting from an economic transaction in which they were not involved.
Public Good
An offering of goods or services to society's members at no cost, supplied by the government or private parties, aiming not to generate profit.
Private Good
A product or service that is excludable and rivalrous, meaning its consumption by one individual prevents its consumption by another.
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