Question

Bob owns 5 acres of land. bob sells the land to a real estate developer who builds a subdivision with 10 houses. the land is an example of a good that is:

Answer 1

The land in the given scenario above is considered or is an example of a good in which is both rival in the excludable and consumption. The excludable is being termed to the good or service that is provided in which an individual are not able to access without having to pay while consumption is the term implied to resources that are used.