noun
- the quality or state of being able to be excluded or kept out
- in economics, the characteristic of a good or service that allows producers to prevent non-paying consumers from accessing it
Usage: often used in economics and philosophy to describe goods or services from which consumers can be prevented from using
Usage: technical term used in microeconomics and public goods theory
Examples
- The excludability of streaming services means that only paying subscribers can access the content.
- Public goods lack excludability because it is difficult to prevent people from using them.
- The excludability of a private good allows sellers to control who benefits from it.
- Economists debate the excludability of certain digital products in the modern marketplace.
- The excludability principle helps distinguish between public and private goods.
- Cable television has high excludability since non-subscribers cannot receive the signal.