Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. this characteristic is called?

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14-09-2022
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Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. this characteristic is called?

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ogorwyne ogorwyne · Answer 1 · 2022-09-20T14:05:51+02:00

Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. this characteristic is called Nonexcludability.

What does Nonexcludability mean?

This is the term that is used in economics to show that a good is non rival and also that the use of one person can not stop someone else from the use of the same good.

This is a term that is used to describe the public goods in the environment. An example is the use of government roads.