Examlex
The safety net is based on the combined use of:
Club Goods
Goods that are excludable but not rival in consumption
Private Goods
Products or services that are consumed by one individual and cannot be used simultaneously by others.
Rival in Consumption
A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by another individual.
Excludable
A characteristic of a good or service whereby it is possible to prevent non-paying customers from having access to it.
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