GPS· Global Positioning System
ETFStance breakdown▲ 看多 ×0— 中性 ×1▼ 看空 ×0◆ 分歧 ×0
The Global Positioning System serves as a classic textbook example of a public good because its use is non-rivalrous and non-excludable. Even though operating the hardware requires state maintenance, the actual consumer utility does not diminish with extra users. It remains a foundational infrastructure asset that underpins global commercial navigation, logistics, and mapping applications.
Read the full episode note →