crowding
crowding A collective or public good is said to suffer from crowding if the ratio of individual benefit to total cost declines as the number of people who use or enjoy the good increases; in short, the more who enjoy it, the less each enjoys it. A good example is highways, a public good which become less attractive as more people use them, until the point at which people reckon it is not worth their while attempting to travel by car.
More From encyclopedia.com
Consumer Goods , CONSUMER GOODS
Consumer goods are goods or services that are ready for consumption by individuals, social groups, or governmental bodies. Consumer go… Good , Good
In general the term "good" refers to something of value, or anything that fills a need or desire and thus affords satisfaction. Philosophers ref… Positional Economy , positional economy All those goods, services, occupations, or other social relationships that are either scarce in an absolute or socially imposed se… Solidarity , Solidarity, as defined by Pope john paul ii, represents "a firm and persevering determination to commit oneself to the common good; that is to say fo… evangel , evangel (arch.) gospel. XIV. ME. evangile (later assim. to L.) — (O)F. évangile — ecclL. ēvangelium — Gr. euaggélion (in eccl. use) good news, (in cl… BONUS , bonus •pandanus •badness, madness, sadness •Magnus • aptness •fatness, patness •redness • wetness •anus, Coriolanus, heinous, Janus, Punta Arenas, Si…
You Might Also Like
NEARBY TERMS
crowding