Public, Private, Common, and Club Goods - Explained
Written by Jason Gordon
Updated at March 27th, 2023
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What is a Public Good?
A public good, also known as a social good or collective good, is a good that is rivalrous and non-exclusive. Further, it is made available or accessible to the public for consumption or use. It is generally paid for by the public at large.
Back to:ECONOMIC ANALYSIS & MONETARY POLICY
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