Examlex
The characteristics of a formal structure and status differentiation are essential to which of Simmel's types of groups?
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by anyone and one person's use does not reduce its availability to others.
Free-Rider Problem
A situation where individuals consume a public good without contributing to its cost, benefiting from the good without paying for it.
Samuelson's Theory
Refers to economist Paul Samuelson's contributions to economic theory, including insights on public goods, trade, and welfare economics.
Public Expenditure
Government spending on the provision of goods, services, and infrastructure to the public.
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