What are Public Goods?

What are Public Goods?

In economics, a public good refers to a commodity or service that is made available to all members of a society. Typically, these services are administered by governments and paid for collectively through taxation.

Examples of public goods include law enforcement, national defense, and the rule of law. Public goods also refer to more basic goods, such as access to clean air and drinking water.

What are examples of public goods?

Examples of public goods include law enforcement, national defense, and the rule of law. Public goods also refer to more basic goods, such as access to clean air and drinking water.

What defines a public good?

public good, in economics, a product or service that is non-excludable and nondepletable (or non-rivalrous).

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