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12:42 Nov 26, 2017 |
Lithuanian to English translations [PRO] Economics / public goods | |||||||
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| Selected response from: Gintautas Kaminskas Australia Local time: 02:40 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | non-rivalrousness |
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non-rivalrousness Explanation: Yra siūlymų išplėsti viešosios gėrybės požymių sąrašą pridedant neatmestinumo, neatsisakomumo požymį, o tai gerokai sumažintų viešųjų gėrybių sąrašą There are suggestions to expand the list of features of public goods by adding the features of non-excludability and non-rivalrousness, which would significantly reduce the list of public goods In more general terms, almost all private goods are rivalrous. In contrast, non-rival goods may be consumed by one consumer without preventing simultaneous consumption by others. Most examples of non-rival goods are intangible. Rivalry (economics) - Wikipedia https://en.wikipedia.org/wiki/Rivalry_(economics) Public good - Wikipedia https://en.wikipedia.org/wiki/Public_good In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use ... |
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