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.

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Not negotiable Privilege Operating profit Peer
Deposition Gearing Commodity Code Withholding Tax
Executor Call to Action E.C.B Refinance
Activities of daily living (ADL) fringe benefits Nontrade receivables Excise Duties
Margin Scheme KMC Up Current Writ of Execution
Lilangeni Warranty of Authority Crowding Out Quantity Demand
Variable costs Ultra vires N268 Civil Court form Dongle
Discounted Cash Flow Employment contracts Forfeit Ceteris paribus
Patentability To remand CAFCASS Excise Duty
Business Class Process Quaeitur Direct Representative

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

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