What does non-excludable mean?
Understand the Problem
The question is asking for the definition of the term 'non-excludable.' This concept is related to economics, particularly in the context of public goods. A good is considered non-excludable if individuals cannot be effectively excluded from using it, meaning anyone can access it regardless of payment.
Answer
Non-excludable means a good or service cannot exclude certain individuals or groups from using it.
Non-excludable means that a good or service cannot exclude certain individuals or groups from using it.
Answer for screen readers
Non-excludable means that a good or service cannot exclude certain individuals or groups from using it.
More Information
Examples of non-excludable goods include public roads, national defense, and clean air.
Tips
Don't confuse non-excludable with non-rival. Non-rival goods can be used by multiple people simultaneously without diminishing the good.
Sources
- Non-Excludable Goods - Definition and Characteristics - corporatefinanceinstitute.com
- Public good | Non-Excludable, Non-Rivalrous Benefits & Cost - britannica.com
- Non-Excludable Goods - Definition and Characteristics - wallstreetoasis.com
