public good
a) The general welfare of the people; the best interests of the community.
b) a good that is non-rivalrous and non-excludable

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  • Public Good — A product that one individual can consume without reducing its availability to another individual and from which no one is excluded. Economists refer to public goods as non rivalrous and non excludable . National defense, sewer systems, public… …   Investment dictionary

  • public good — …   Useful english dictionary

  • Global public good — A global public good is a good that has the three following properties : * It is non rivalrous. Consumption of this good by anyone does not reduce the quantity available to other agents. * It is non excludable. It is impossible to prevent anyone… …   Wikipedia

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