public good meaning
ENWPublic 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.
- Public goods include fresh air, knowledge, lighthouses, national security, flood control systems and street lighting. Public goods that are available everywhere are sometimes referred to as global public goods.
- Many public goods may at times be subject to excessive use resulting in negative externalities affecting all users; for example air pollution and traffic congestion.
- NounPREpubli-
- More Examples
- Used in the Beginning of Sentence
- Public good nothing, replied the copresidents of the League of Women Voters of Chicago.
- Used in the Beginning of Sentence
Definition of public good in English Dictionary
- Part-of-Speech Hierarchy
- Nouns
- Singularia tantum
- Uncountable nouns
- Uncountable nouns
- Singularia tantum
- Nouns
Source: Wiktionary
Grammatically, this idiom "public good" is a noun, more specifically, a singularia tantum.