Examlex
The deliverable of the systems design stage is:
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by many individuals simultaneously without diminishing the good's availability to any single user.
Quasi-Public Goods
Goods that are not fully non-excludable or non-rivalrous, falling between pure public goods and private goods, often provided by the government.
Negative Externalities
Unintended adverse effects of a transaction that impact third parties who are not part of the transaction.
Economic Efficiency
A situation in which all available resources are utilized in the most effective way possible, maximizing the production of goods and services without waste.
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