Business Terms and Jargon Explained

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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Franked income Statutory register Abbreviated Accounts
Credit Sale Arrears Cloud computing
Tax code Deductible VAT KITING
Equity Release UN NAS
Net income Duopsony Credit Risk Mitigation
Mortgage Term SHA224 Sub nomine
Hryvnia ASIC Costing Systems
Identity Theft Force Majeure Current Liability
Earned income Loan Stock Confirmation of Verbal Agreement
Expert witness Recycle State of the art
Capital Goods Scheme Objects clause Forex
Budget account European Central Bank - ECB Tugrik
LINK Sniffing Sol

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

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