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Fungibility refers to the property of an asset or commodity that allows it to be exchanged or substituted for another of equal value, such as money. Inelasticity describes a situation where the quantity demanded or supplied of a good does not change significantly in response to price changes, often seen in essential goods like medicine. Non-excludability is a characteristic of public goods, where it is not feasible to prevent individuals from using the good, such as clean air or national defense. Together, these concepts illustrate different economic properties affecting how goods and services are valued and consumed.
What else can I help you with?
What is a trait of public good?
Nonexcludability
What displays these two characteristics rivalry and nonexcludability?
not exclude anyone.
What is the difference between elasticity and inelasticity of demand?
Inelasticity is a good that you will buy nomatter the price change. Elasticity is when the price of a product increases demand for the product will decrease.
What factor has the greatest influence on elasticity and inelasticity of supply?
time
What factor has the grestest influence on elasticity and inelasticity of supply?
price of the commodity
What is financial fungibility?
Financial fungibility refers to the property of a financial asset or resource that allows it to be easily exchanged or substituted for another asset of equal value. This concept is crucial in finance, as it enables liquidity and facilitates transactions, ensuring that assets can be converted into cash or other forms without loss of value. In practical terms, money is a prime example of fungibility, as one dollar can be exchanged for another dollar without any difference in value.
How may the principle of fungibility affect the decision made in a court of law?
Fungibility can affect law cases in a few ways. One example is in the context of product liability. If a plaintiff is injured by a fungible product, the doctrine of market share liability may shift the burden of liability too all manufactures.
Two way fungibility?
The two way fungibility means that the Depository Receipts (ADRs/GDRs) can be converted into underlying shares & underlying shares can be converted into Depository Receipts. Every Depository Receipt has underlying shares backing it. The Depository Receipt is issued & traded outside the country of the issuer, but the underlying shares backing the receipts are lodged in custody with a custodian in the country of the issuer.
Due to this inelasticity of supply land prices are increasing rapidly and this can lead to higher house price.discuss the validity if this statement.?
yes it is the size of your house yes it is the size of your house
What are the 8 attributes of good money?
The eight attributes of good money are portability, durability, divisibility, uniformity, limited supply, acceptability, fungibility, and recognizability. Portability allows for easy transport, while durability ensures it withstands physical wear. Divisibility enables it to be broken down into smaller units, and uniformity ensures that units are indistinguishable from one another. Limited supply maintains value, acceptability facilitates use in transactions, fungibility allows for interchangeability, and recognizability ensures it is easily identified as valid currency.
What is marathi word for fungible fsi?
The Marathi word for "fungible FSI" (Floor Space Index) is "फुगणीय FSI" (Phuganiy FSI). In this context, "फुगणीय" refers to the concept of fungibility, which implies that the FSI can be interchangeable or traded among different properties.
Why the price elasticity of necessary goods always inelastic?
the price elasticity of necessary good is always inelastic because these goods are vital for human existence and people will have to acquire them no matter their prices in order to ensure survival, hence their inelasticity.
