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That is to say, consuming some goods will deprive another consumer of the ability to consume the goods. Private goods are the most common type of goods. They include what you have to get from the store. For examples food, clothing, cars, parking spaces, etc. An individual who consumes an apple denies another individual from consuming the same one.
On the other hand, a good narrowly defined will be likely to not have a substitute good. For example, different types of cereal generally are substitutes for each other, but Rice Krispies cereal, which is a very narrowly defined good as compared
A commercial organization that sells stories, photographs, or other journalistic products to the news media and which carries out reporting tasks on behalf of media clients. The Associated Press is an example. [1] news aggregator news bureau news cycle The period of time that elapses before one news story or set of stories is replaced by another.
Pricing the base good at a relatively low price - this approach allows easy entry by consumers (e.g. low-price consumer printer vs. high-price cartridge) Pricing the base good at a relatively high price to the complementary good - this approach creates a barrier to entry and exit (e.g., a costly car vs inexpensive gas)
This article by the BBC is an example of the term being used generically. Doshirak: Instant noodles: Paldo Co. Ltd., previously Korea Yakult: Used in Russia to refer to any kind of instant noodles. [100] Dremel: Rotary Tool: Robert Bosch GmbH: Small handheld rotary tools are often called dremels or dremel clones. [citation needed] Durex
However, some theorists, such as Inge Kaul, use the term "global public good" for a public good that is non-rivalrous and non-excludable throughout the whole world, as opposed to a public good that exists in just one national area. Knowledge has been argued as an example of a global public good, [4] but also as a commons, the knowledge commons ...
Summum bonum is a Latin expression meaning the highest or ultimate good, which was introduced by the Roman philosopher Cicero [1] [2] to denote the fundamental principle on which some system of ethics is based — that is, the aim of actions, which, if consistently pursued, will lead to the best possible life.
Good is generally considered to be the opposite of evil. The specific meaning and etymology of the term and its associated translations among ancient and contemporary languages show substantial variation in its inflection and meaning, depending on circumstances of place and history, or of philosophical or religious context.