merit+or+demerit
51Rivalry (economics) — In economics, rivalry is a characteristic of a good. A good can be placed along a continuum ranging from rivalrous (rival) to non rival. The same characteristic is sometimes referred to as subtractable or non subtractable [1]. A rival… …
52Complementary good — Complementary goods exhibit a negative cross elasticity of demand: as the price of good Y rises, the demand for good X falls. A complementary good, in contrast to a substitute good, is a good with a negative cross elasticity of demand.[1 …
53Luxury good — Luxuriant redirects here. For the French wine grape also known as Luxuriant, see Jurançon (grape). The Mercedes Benz S Class is a luxury sedan Luxury goods are products and services that are not considered essential and associated with… …
54Club good — Club goods (artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non rivalrous, at least until reaching a point where congestion occurs. These goods are often… …
55Durable good — A car is a durable good. The gasoline that powers it is a non durable good. In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely …
56Jivanmukta — (from the Sanskrit words jiva and mukti ) is someone who, in the Advaita philosophy of Hinduism, has attained nirvikalpa samadhi the realization of the Self, Parasiva and is liberated from rebirth while living in a human body. [… …
57Credence good — A credence good is a term used in economics for a good whose utility impact is difficult or impossible for the consumer to ascertain. In contrast to experience goods, the utility gain or loss of credence goods is difficult to measure after… …
58Common-pool resource — In economics, a common pool resource (CPR), also called a common property resource, is a type of good consisting of a natural or human made resource system (e.g. an irrigation system or fishing grounds), whose size or characteristics makes it… …
59Excludability — In economics, a good or service is said to be excludable when it is possible to prevent people who have not paid for it from having access to it, and non excludable when it is not possible to do so. Contents 1 Examples 2 References 3 See also …
60Composite good — In economics, demand for a good is often the focus as to a change in its price. A composite good is an abstraction used in economics that represents all goods in the relevant budget besides the one in question.[1] Purpose Consumer demand theory… …
