Public good

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Public good. 1 connected concept: Common good (related to).

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Community · Common good

Summary

In economics, a public good is a commodity, product or service that is both non-excludable and non-rivalrous and which is typically provided by a government and paid for through taxation.

30 words

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Connections1

Economic counterpart to the philosophical concept of the common good
While the common good is a broad ethical and political term, public goods are specific economic goods that are non-excludable and non-rivalrous, often requiring collective action.
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