Date: 2010-04-16 11:12 am (UTC)
From: [identity profile] momentsmusicaux.livejournal.com
> Knowing whether a good is rival or not tells you whether you want to use the market (if I were a good economist that would possibly be capital-M Market ;-) to allocate access to that good. If it's rival, then the market is an efficient way of allocating the good;

But something like medicine is clearly a rival good, and yet some people have greater need than others.

March 2026

S M T W T F S
1 2 3 4 56 7
8 9 10 11 12 13 14
15161718192021
22232425262728
293031    

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Mar. 15th, 2026 11:39 am
Powered by Dreamwidth Studios