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14 lines
862 B
Markdown
14 lines
862 B
Markdown
#econ
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- non-excludable→people benefit but do not pay for it. Can't exclude people from using it.
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- non-rival→no marginal cost of use. basically unlimited people can use it.
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- Public Goods↔[[externalities/non-rival]] and [[externalities/non-excludable]]
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- Private Goods↔neither [[externalities/non-rival]] nor [[externalities/non-excludable]]
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- military, parks, roads, radio
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- Common Resources↔[[externalities/non-excludable]] but not [[externalities/non-rival]]
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- anybody can use it, but it limits other's use of it
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- whales, ozone, clean water sources, public grasslands,
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- Club Goods↔[[externalities/non-rival]] but not [[externalities/non-excludable]]
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- people can be kept out (for profit reasons) but don't like, need to be. It's unlimited extra use.
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- satellite radio, netflix, movies, music, drive-in theatre, etc.
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