What is a public good?

A public good is good which is non- excludable and non-rival.This means the utility one person gains from the good does not diminish the utility another person may gain from the good. (non-rival)This also means that it is almost impossible to stop any person gaining utility from the good. (non-excludable)A good example would be a flood defence.

JS
Answered by James S. Economics tutor

1665 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What are Economies of Scale?


To what extent do the main macroeconomic objectives conflict?


What are the Macroeconomic Effects of Currency Fluctuations?


Explain the term 'recession' and analyse two possible causes of a recession.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning