Examlex
Someone who does not contribute toward covering the cost of a good he desires, yet cannot be excluded from receiving the good, is called a free rider.
Shipbreaking
The process of dismantling an obsolete vessel's structure for scrapping or disposal.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.
Non-excludable
Characterizes goods or services that cannot easily prevent people who do not pay from consuming or using them, such as public goods.
Non-rivalrous
A characteristic of a good whereby one person's use does not diminish the utility or availability of that good for others.
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