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Wikipedia: Public Good

Curated by ACT

An encyclopedia entry on public good. In economics, a public good is a good that is nonrival - which means consumption of the good by one individual does not reduce the amount of the good available for consumption by others.

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Concepts
public goods
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Additional Tags
free rider problem, social goods, theory of public goods, types of goods, wikipedia: public good
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Classroom Considerations
  • Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
  • This content is from Wikipedia