Definition, Meaning & Synonyms
excludability
Noun
/ɪkˌskluːdəˈbɪləti/
Definition
Excludability refers to the property of a good or service that allows individuals or groups to be prevented from accessing it.
Examples
- The excludability of a product often determines its market price.
- Public goods typically lack excludability, making it difficult to prevent non-payers from benefiting.
- In a subscription model, excludability ensures only paying customers can access the service.
Meaning
The concept of excludability is important in economics and public policy, as it relates to how easily people can be kept from using a resource.
Synonyms
- Restrictiveness
- Inaccessibility
- Exclusion
