Public goods/Definition: Difference between revisions

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A commodity that can yield [[utility]] to a person without diminishing the its utility to anyone else, and from the use of which it is not possible to exclude anyone (see also [[microeconomics]]: public goods).
Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.

Latest revision as of 04:36, 28 October 2009

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A definition or brief description of Public goods.

Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.