non-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… …
2Inferior 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… …
3Public 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… …
4Club 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… …
5Common 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… …
6Durable good — A car is a durable good. The gasoline that powers it is a non durable good. In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely …
7Necessity good — In economics a necessity good is a type of normal good. Like any other normal good, when income rises, demand increases. But the increase for a necessity good is less than proportional to the rise in income, so the proportion of expenditure on… …
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 …
9Composite good — In economics, demand for a good is often the focus as to a change in its price. A composite good is an abstraction used in economics that represents all goods in the relevant budget besides the one in question.[1] Purpose Consumer demand theory… …
10Normal 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… …
