PUBLICGOOD

Public good

In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others. Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems and street lighting. Public goods that are available everywhere are sometimes referred to as global public goods.

The above text is a snippet from Wikipedia: Public good
and as such is available under the Creative Commons Attribution/Share-Alike License.

public good

Noun

  1. The general welfare of the people; the best interests of the community.
  2. A good that is non-rivalrous and non-excludable.


The above text is a snippet from Wiktionary: public good
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!