Public Goods

Fundamental concept in economics and public policy, referring to goods that are non-excludable and non-rivalrous. These goods, such as clean air, national defense, and public parks, can be used by one person without reducing their availability to others, and no one can be effectively excluded from using them. Public goods are essential for society as a whole, often leading to challenges like the 'free rider problem' where individuals benefit without contributing to their provision.

Public Goods was discovered on May 3rd 2021 and it currently has a search volume of 27.1K with a growth of -11%.