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excludable private good

См. также в других словарях:

  • Private good — A private good is defined in economics as a good that exhibits these properties: * Excludable it is reasonably possible to prevent a class of consumers (e.g. those who have not paid for it) from consuming the good. * Rivalrous consumptions by one …   Wikipedia

  • Private Good — A product that must be purchased in order to be consumed, and whose consumption by one individual prevents another individual from consuming it. Economists refer to private goods as rivalrous and excludable . If there is competition between… …   Investment dictionary

  • Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… …   Wikipedia

  • Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …   Wikipedia

  • Inferior good — Good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases. In… …   Wikipedia

  • Club good — Club goods (artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non rivalrous, at least until reaching a point where congestion occurs. These goods are often… …   Wikipedia

  • Common good (economics) — For the philosophical term, see common good. For other uses, see Common Good (disambiguation). Common goods are defined in economics as goods which are rivalrous and non excludable. Thus, they constitute one of the four main types of the most… …   Wikipedia

  • Merit good — The concept of a merit good introduced in economics by Richard Musgrave (1957, 1959) is a commodity which is judged that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay. The… …   Wikipedia

  • Necessity good — In economics a necessity good is a type of normal good. Like any other normal good, when income rises, demand increases. But the increase for a necessity good is less than proportional to the rise in income, so the proportion of expenditure on… …   Wikipedia

  • Normal good — In economics, normal goods are any goods for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.[1][2] The term does not necessarily refer to… …   Wikipedia

  • Complementary good — Complementary goods exhibit a negative cross elasticity of demand: as the price of good Y rises, the demand for good X falls. A complementary good, in contrast to a substitute good, is a good with a negative cross elasticity of demand.[1 …   Wikipedia

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