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Public good


 

In economics, a public good is a good that is hard or even impossible to produce for private profit, because the market fails to account for its large beneficial externalities. By definition, a public good possesses two properties:

External Links

SpecialInvestor.com's Definition of Public Goods

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The Library of Economics and Liberty's Article on Public Goods and Externalities

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◄ Public good: External sources
 

~ Table of Content ~

►Introduction
►Examples of Public Goods
►Subtypes of Public Goods
►The Free Rider Problem
►Possible solutions to the Free Rider problem
►Efficient production levels of public goods
►See also
►External sources
►External Links

 

 

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