private good

Popular Terms
An item of consumption that, if used by one party, may not be available for others, such as food and clothing. See also public good.

Use 'private good' in a Sentence

Today we are offering those in attendance an exclusive preview sale to our top quality private goods as a show of good faith and our way of saying, "thank you", for your loyalty.
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You may want to market certain products as a private good so that you can charge higher prices for them.
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You can sometimes get a larger reward for a private good instead of marketing it to the entire public and devaluing it.
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