Excludability matrix.
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Excludability matrix.
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Coffee is excludable and rival because it is no longer available once consumed and you can limit how many people can access it (for example, by requiring payment for a cup of fresh coffee.
Clean water is rival because it can only be used once, but it is generally non-excludable as anyone can access most sources of fresh water (such as streams or lakes).
Netflix is excludable and non-rival because an essentially unlimited number of people can access it at the same time, but it is limited to those who pay a membership fee.
Light houses are non-rival and non-excludable because anyone in the surrounding area can use them, and you cannot be blocked from seeing the light.
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Question 1 of 2
1. Question
Drag the rival goods into the appropriate category
Sort elements
- Coffee
- Timber
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Excludable rival
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Non-excludable rival
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Question 2 of 2
2. Question
Drag the non-rival goods into the appropriate category.
Sort elements
- Netflix
- Light house
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Excludable non-rival.
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Non-excludable non-rival.