Examlex
What are the three types of nonstore retailing, and what are some examples of each?
Patented Invention
A unique product or process that has been legally protected by a patent to give its inventor exclusive rights to use, make, or sell it for a certain period of time.
Tornado Siren
A warning system used in many communities to alert citizens about the imminent danger of a tornado.
Excludable
A characteristic of a good or service that allows the owner to prevent others from using it without permission.
Rival In Consumption
A characteristic of a good whereby its consumption by one person diminishes its availability for another person.
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