Definition
Excludability refers to whether people can be prevented from using a good.
Why It Matters
It helps determine whether goods are private or public.
Example
Charging admission to a concert.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Excludability refers to whether people can be prevented from using a good.
It helps determine whether goods are private or public.
Charging admission to a concert.