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3 October, 19:52

Means that sellers can restrict people who do not pay for the product from obtaining its benefits

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  1. 3 October, 20:21
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    In macroeconomics, excludability means that sellers can restrict people who do not pay for the product from obtaining its benefits.

    Such as, if you want to see a concert at a venue, but you did not purchase tickets if the concert is held inside you are not able to go in and watch the show. You must pay for the good or service you are wanting in order to have access to it.
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