Definitions for public good
This page provides all possible meanings and translations of the word public good
The general welfare of the people; the best interests of the community.
a good that is non-rivalrous and non-excludable
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. 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. Public goods problems are often closely related to the "free-rider" problem, in which people not paying for the good may continue to access it, or the tragedy of the commons, where consumption of a shared resource by individuals acting in their individual and immediate self-interest diminishes or even destroys the original resource. Thus, the good may be under-produced, overused or degraded. Public goods may also become subject to restrictions on access and may then be considered to be club goods or private goods; exclusion mechanisms include copyright, patents, congestion pricing, and pay television.
Sample Sentences & Example Usage
Never be entirely idle but either be reading, or writing, or praying or meditating or endeavoring something for the public good.
Never be entirely idle; but either be reading, or writing, or praying or meditating or endeavoring something for the public good.
I hope there will be enough political wisdom in HDZ and SDP to accept our proposal and devote at least the next two years to working for public good.
Zeal for the public good is the characteristic of a man of honor and a gentleman, and must take the place of pleasures, profits and all other private gratification.
May the example of the four Italian saints help the dear Italian people to rekindle the spirit of collaboration and harmony for the public good, and to look to the future with hope.
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