Public goods/Definition: Difference between revisions
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A commodity that can yield [[utility]] to a person without diminishing | A commodity that can yield [[utility]] to a person without diminishing its utility to others, and from the use of which it is not possible to exclude anyone (see also [[microeconomics]]: public goods). | ||
Revision as of 13:05, 24 July 2008
A commodity that can yield utility to a person without diminishing its utility to others, and from the use of which it is not possible to exclude anyone (see also microeconomics: public goods).