Public goods/Definition: Difference between revisions
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imported>Roger A. Lohmann mNo edit summary |
imported>Nick Gardner m (Public good/Definition moved to Public goods/Definition) |
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Revision as of 05:51, 26 October 2009
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).