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.

Answered by James S. Economics tutor

1299 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Equilibrium of supply and demand


Outline and evaluate the economic effects of a fall in the value of the dollar?


How should I structure the long answers in the exam?


Explain the 'Economic Problem' and how this closely links to the principles of demand and supply and how this ultimately determines the price of goods.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo
Cookie Preferences