excludable good
1Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… …
2Good moral character — is a defined legal concept in United States law that details requirements for consideration for certain benefits or positions. The term is chiefly used by the federal government in immigration law, but it can also be a requirement for a… …
3Inferior good — Good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases. In… …
4Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …
5Club good — Club goods (artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non rivalrous, at least until reaching a point where congestion occurs. These goods are often… …
6Common good (economics) — For the philosophical term, see common good. For other uses, see Common Good (disambiguation). Common goods are defined in economics as goods which are rivalrous and non excludable. Thus, they constitute one of the four main types of the most… …
7Normal good — In economics, normal goods are any goods for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.[1][2] The term does not necessarily refer to… …
8Complementary good — Complementary goods exhibit a negative cross elasticity of demand: as the price of good Y rises, the demand for good X falls. A complementary good, in contrast to a substitute good, is a good with a negative cross elasticity of demand.[1 …
9Luxury good — Luxuriant redirects here. For the French wine grape also known as Luxuriant, see Jurançon (grape). The Mercedes Benz S Class is a luxury sedan Luxury goods are products and services that are not considered essential and associated with… …
10Merit good — The concept of a merit good introduced in economics by Richard Musgrave (1957, 1959) is a commodity which is judged that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay. The… …
