Excludability, in economics, denotes the ability to prevent non-payers from consuming a good or service. This trait, often considered with Rivalrous consumption, helps categorize goods, from a Private Good to one freely available.
Excludability, in economics, denotes the ability to prevent non-payers from consuming a good or service. This trait, often considered with Rivalrous consumption, helps categorize goods, from a Private Good to one freely available.