common good

common good
a) the general interest of the population as a whole.

A classic example of a common good are fish stocks in international waters; no one is excluded from fishing, but as people withdraw fish without limits being imposed the stocks for later fishermen are potentially depleted. (Wikipedia: Common good)

b) a good that is rivalrous and non-excludable

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  • Common Good Fund (Aberdeen) — Aberdeen s Common Good Fund is a fund to benefit the people of Aberdeen, Scotland. It was created as a result of Robert the Bruce granting the cities Great Charter in 1319, after they sheltered him during his days of outlaw.… …   Wikipedia

  • common good — noun the good of a community • Syn: ↑commonweal • Hypernyms: ↑good …   Useful english dictionary

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