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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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.