Examlex
Are PACs helpful or harmful to American democracy? Explain.
Excludable
A characteristic of a good or service that allows owners or producers to prevent others from using it without paying for it.
Rival
An entity engaged in competition for the same objective or for superiority in the same field.
Public Good
Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
Nonexcludable
Nonexcludable goods are those that cannot feasibly or reasonably be kept from individuals who do not pay for them, one of the characteristics of public goods.
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