Definitions for public good
pub·lic good

WiktionaryRate this definition:0.0 / 0 votes

1. public goodnoun

   The general welfare of the people; the best interests of the community.

2. public goodnoun

   a good that is non-rivalrous and non-excludable

WikipediaRate this definition:0.0 / 0 votes

1. Public good

   In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be excluded from use or could be enjoyed without paying for it, and where use by one individual does not reduce availability to others or the goods can be effectively consumed simultaneously by more than one person. This is in contrast to a common good such as wild fish stocks in the ocean, which is non-excludable but is rivalrous to a certain degree, as if too many fish are harvested, the stocks will be depleted. Public goods include knowledge, official statistics, national security, common language(s), flood control systems, lighthouses, and street lighting. Public goods that are available everywhere are sometimes referred to as global public goods. Examples of public good knowledge is men's, women's and youth health awareness, environmental issues, maintaining biodiversity, sharing and interpreting contemporary history with a cultural lexicon, particularly about protected cultural heritage sites and monuments, popular and entertaining tourist attractions, libraries and universities. 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. 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; exclusion mechanisms include toll roads, congestion pricing, and pay television with an encoded signal that can be decrypted only by paid subscribers. There is a good deal of debate and literature on how to measure the significance of public goods problems in an economy, and to identify the best remedies. There is an important conceptual difference between the sense of "a" public good, or public "goods" in economics, and the more generalized idea of "the public good" (or common good, or public interest), "a shorthand signal for shared benefit at a societal level".In a non-economic sense, the term is often used to describe something that is useful for the public generally, such as education, although this is not a "public good" in the economic sense. However, services like education exhibit jointness of supply, i.e. the situation in which the cost of supplying a good to many users is the same, or nearly the same, as supplying it to one user. Public goods also exhibit jointness of supply, albeit with no diminishment of the benefits with increased consumption.

WikidataRate this definition:5.0 / 1 vote

1. Public 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. 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.

How to pronounce public good?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say public good in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of public good in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of public good in Pythagorean Numerology is: 5

Examples of public good in a Sentence

1. Jennifer Reesman:

   Virtual instruction is not the same as quality, in-person education, and it's especially not accessible for many students with disabilities, we need our schools to be open. Public school is a public good, and as mental health professionals, we can tell you that open public schools are a safety net.

2. Jeffrey Abramson:

   Ken Paxton's an extreme conservative who plays political hardball, ken Paxton subscribes to a libertarian philosophy which puts an emphasis on individual rights and very, very little emphasis on there being any common good or public good at all.

3. Mitt Romney:

   I wouldn't presume to tell Paul what to do, but I do know that he is a man of ideas who is driven to see Chairman Ryan applied for the public good, every politician tries to convince people that they are that kind of leader ; almost none are -- Paul is. Paul has a driving passion to get America back on a path of growth and opportunity. With Paul, it's not just words, it's in his heart and soul.

4. John Collomosse:

   This is an application of blockchain for the public good, in my view, the only reasonable use of the blockchain is when you have independent organizations that dont necessarily trust one another but they do have this vested interest in this collective goal of mutual trust. And what were looking to do is secure the National Archives of government all around the world, so that we can underwrite their integrity using this technology.

5. Raul Grijalva:

   This is no kind of victory, but I'm hopeful that it is a genuine turning of the page, secretary Zinke's successor has a chance to move on from an unfortunate The Trump Administration record of environmental mismanagement and decline. A well-managed Interior Department — one that puts the public good ahead of fossil fuel and mining industry demands — can be a boon to the entire country.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Public_Good
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Public_Good
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=public good