Business terms and jargon explained. Your business dictionary

What is Public Good

A public good is a good that has two characteristics. It is non-rivalrous ie even if it is consumed by one person, is still available for consumption by others, and it is non-excludable ie once it is supplied it is not possible to exclude anyone from consuming it. Clean air is an example.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

N268 Civil Court form Statutory Company Prime Minister Vicarious Liability
N9A Civil Court form Codicil Fifo N121 Civil Court form
Regulations - EU Balance Transfer Flowchart WIM
Void Close company Complaint Credit Risk Mitigation
Joint Tenants Hedging Deed N336 Civil Court form
EDCS Parent company Debtors Loan Packaging
VIES Affirmation Productivity Umbrella Fund
Accepting house In limine BACS Back Door
Accounts payable Published Information Dubitante High Court
Gain Traction Per minas Local Justice Area EAT

Term created / updated 2007-03-16 16:05:09

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.