public goods
DefinitionAn exception to the free-market system marked by two characteristics. First, if one person consumes public goods, the amount available remains the same. Second, once public goods are available, no one can be stopped from consuming them for free. An example is the protection provided by police, fire departments, and the military.
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public goods is ...
... part of the Economy subject.
... part of the Economy subject.
Related Terms
public goods appears in the definitions of these other terms on BusinessDictionary.com
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