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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Void Market equilibrium Furlough
LCP Terms of Reference Scalable
Marketing Mix ECDSA Managerial Resources
Public Sector Krona Cash Accounting
Administration order Web hosting agreement Gross
Purchasing economies Banana Problem Yearling
Genesis block Usufruct Representation order
Custody time limit Bona vacantia Berne Convention
Internal Control Change Control Allowable expenses
Paradigm shift Whistleblower Alpha geek
Deferment Account JVCC Concentration ratio
Private Treaty Free Zone Goods National debt
Oversold Cash Flow NASDAQ

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

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