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Definition
Item whose consumption is not decided by the individual consumer but by the society as a whole, and which is financed by taxation. A public good (or service) may be consumed without reducing the amount available for others, and cannot be withheld from who do not pay for it. Public goods (and services) include economic statistics and other information, law-and-order enforcement, national defense, national parks, etc. No market exists for such goods, and they must be provided to everyone by the government. See also good and private good.
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public good is in the Economics, Politics, & Society subject.
public good appears in the definitions of the following terms: pro bono, third sector, public finance and liberalism
public good appears in these other term: pure public good
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