A GOOD THAT DOES NOT DIMINISH AS MORE PEOPLE USE IT, SUCH AS FIRE DEPARTMENT PROTECTION,...
A GOOD THAT DOES NOT DIMINISH AS MORE PEOPLE USE IT, SUCH AS FIRE DEPARTMENT PROTECTION, IS DESCRIBED AS WHAT?
Homework Answers
A good that does not diminish as more people use it is termed as a nonrival good as consumption of the good by one person does not decrease the ability of other people to consume the good.
A fire department protection is usually termed as a Public good which is nonrival and nonexcludable.
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A GOOD THAT DOES NOT DIMINISH AS MORE PEOPLE USE IT, SUCH AS
FIRE DEPARTMENT PROTECTION,...
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