What are Excludable Goods?
- Excludable goods are goods that an individual can prevent another individual from using.
How Do I Remember It?
- Think of excludable goods as items you can control access to, like a ticket to a concert that only allows entry to those who have purchased it.
Real World Example
- A private beach club is an example of excludable goods. The club’s membership grants exclusive access to its facilities, preventing non-members from using the amenities such as the beach, pool, or clubhouse. Only individuals who pay for membership can enjoy the benefits of the club, illustrating the concept of excludable goods.
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