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