Difference between revisions of "Excludability"
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'''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude use by others. | '''Excludability''' is an [[economics|economic]] term for a [[good]] for which the owner can exclude use by others. | ||
| − | Examples of | + | Examples of excludability are secrets, tickets, patents, trademarks and and copyrights. |
Excludability is essential in determining whether a [[nonrival good]] will be produced.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | Excludability is essential in determining whether a [[nonrival good]] will be produced.<ref>http://www.economicprincipals.com/issues/06.11.12.html</ref> | ||
Revision as of 18:01, December 23, 2007
Excludability is an economic term for a good for which the owner can exclude use by others.
Examples of excludability are secrets, tickets, patents, trademarks and and copyrights.
Excludability is essential in determining whether a nonrival good will be produced.[1]