public good

public good
a) The general welfare of the people; the best interests of the community.
b) a good that is non-rivalrous and non-excludable

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  • public good — public good, collective good Public goods were defined initially by (‘The Pure Theory of Public Expenditure’, Review of Economics and Statistics, 1954) as those where person A s consumption of the good did not interfere with person B s… …   Dictionary of sociology

  • public good — n. The well being of the entire community. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. public good See …   Law dictionary

  • Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …   Wikipedia

  • Public Good — A product that one individual can consume without reducing its availability to another individual and from which no one is excluded. Economists refer to public goods as non rivalrous and non excludable . National defense, sewer systems, public… …   Investment dictionary

  • public good — …   Useful english dictionary

  • Global public good — A global public good is a good that has the three following properties : * It is non rivalrous. Consumption of this good by anyone does not reduce the quantity available to other agents. * It is non excludable. It is impossible to prevent anyone… …   Wikipedia

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  • Public management — considers that government and non profit administration resembles private sector management in some important ways. As such, there are management tools appropriate in public and in private domains, tools that maximize efficiency and effectiveness …   Wikipedia

  • Public sector economics — (or public economics for short) is the study of economic issues that concern the public sector in a mixed economy. While much of economics is based on how markets work, public sector economics focuses on why markets fail, and what issues arise… …   Wikipedia

  • Public ownership — (also called government ownership, state ownership or state property) refers to government ownership of any asset, industry, or corporation at any level, national, regional or local (municipal); or, it may refer to common (full community) non… …   Wikipedia

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