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What is another word for public goods?

Pronunciation: [pˈʌblɪk ɡˈʊdz] (IPA)

Public goods are a key concept in economics, referring to goods and services that are non-excludable and non-rivalrous, meaning that it is not possible to prevent people from using them and their use does not diminish their availability to others. There are several synonyms for public goods, including societal goods, communal goods, and shared resources. These terms all refer to the idea that certain valuable resources belong to the entire community, rather than to any one individual or group. Other related concepts include common goods, which are rivalrous but non-excludable, and public services, which refer to government-provided services such as education and healthcare. Understanding these terms is important for policymakers and economists who are trying to promote the efficient use of public resources.
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What are the hypernyms for Public goods?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Public goods

  • One of the gaps in our international development efforts is the provision of global public goods - that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security.
    Anna Lindh
  • Transparency is seen as the antidote to corruption because secrecy is, if not its cause, then at least a necessary precondition. This is especially so for corruption involving private enrichment from public goods. Transparency is a power-reducing mechanism so it matters whose affairs are made transparent and for what purpose.
    Heather Brooke

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