Note: The translation for this entry is currently under quality review. Some content is temporarily displayed in English only.
public good
public good
Danh từ
Số nhiều: public goods
This term operates in two distinct registers: the ethical and the economic. In a general social or political context, it refers to the collective well-being or moral benefit of a society, often used in debates about legislation or civic duty to justify actions that benefit the majority over the individual.
In economics, it describes a specific type of good characterized by non-excludability and non-rivalry. This technical usage highlights the challenge of the free-rider problem, where individuals benefit from a service without paying for it, typically necessitating government provision.
Ý nghĩa
Từ liên quan
public interestinfrastructureeducationhealthcaresecuritydefenseenvironmentparklibraryroadbridgelighthousepolicelawjusticeequityfairnessutilityexternalitymarket failuresocial welfaregovernmentstatepolicytaxationfundingsubsidybudgetallocationresourcebenefitcostsocietycommunitycitizencivicsethicsmoralityaltruismphilanthropycooperationsolidaritygovernanceregulationlegislationpublic servicecommonwealthutility functionsocial contractpublic sectorcivil societysustainabilitywellbeingprosperitystandard of livingpublic healthpublic safety