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Needs That Represent Our Desire to Belong,to Be Involved,and to Be

question 74

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Needs that represent our desire to belong,to be involved,and to be accepted are called


Definitions:

Marginal Social Cost

The additional cost imposed on society as a whole by producing one extra unit of a good or service.

Nonrival

A good or service that can be consumed by one individual without preventing the consumption of the good by another individual.

Nonexcludable

A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.

Excludable

An excludable good is one from which it is possible to prevent people from benefiting unless they have paid for it.

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