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

1754 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Explain using a diagram why when people have medical insurance the PED for medical treatment is likely to be very low whilst the YED is likely to be high


Why do rising house prices cause an increase in aggregate demand?


Why does the demand line slope downwards?


Comment on whether an increase in saving will reduce inflation


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