Examlex
The GLS assumptions include all of the following,with the exception of
Public Goods
are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
Rival
In economics, a good or service that cannot be enjoyed by more than one person or group at the same time without diminishing its availability to others.
Excludable
Describes goods from which individuals can be easily excluded for non-payment, emphasizing property rights.
Free Rider
An individual who benefits from resources, goods, or services without paying for them, relying on others to bear the cost.
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