Posted by Kill Ten Rats [HTML][XML][PERM][FULL] on 2 September 2013, 3:59 pm
Economists classify goods on a public-private spectrum based on the extent to which they are rivalrous and exclusive. Exclusivity is based on how easily one can be prevented from enjoying a good, and rivalry is based on whether my enjoyment of the good prevents you from enjoying it. National defense is a classic public good: […]

Rivalry is a post from: Kill Ten Rats

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