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Well water from an aquifer is a good that economists call "rival" but "non-excludable." Explain what you think that means?
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15 votes
15 votes
Well water from an aquifer is a good that economists call "rival" but "non-excludable." Explain what you think that means?

User Kair
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1 Answer

12 votes
12 votes

Answer:

"Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.

" rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )

Step-by-step explanation:

well water from an aquifer is a good considered "Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.

Well water from an aquifer is a good considered " rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )

User Kerim Emurla
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2.8k points
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