public good

Popular Terms
An 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 those who do not pay for it. Public goods (and services) include economic statistics and other information, law enforcement, national defense, parks, and other things for the use and benefit of all. No market exists for such goods, and they are provided to everyone by governments. See also good and private good.

Use 'public good' in a Sentence

We were focusing on delivering our services to the public. We were fortunate to be considered a public good by the state.
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Trying to make every decision with the public good in mind should allow your company to have a great reputation with your customers.
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The man going to prison for taking advantage of his leadership position was for the public good, because he could no longer have power over anyone.
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