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public good

Line breaks: pub¦lic good

Definition of public good in English:

noun

1 Economics A commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization.
Example sentences
  • The responsibility of corporate executives, politicians, and officials for ensuring that private and public goods and services are safe is practically never enforced in court.
  • They are also protesting the commodification of public goods and services, like water, electricity and garbage collection.
  • We understand our roles in providing public goods and services and stabilising the economy when the private sector is in crisis.
2The benefit or well-being of the public: the frequent conflict between the public good and private interests
More example sentences
  • If they are able to easily calculate how their choices benefit the public good, they most often make choices that do so.
  • However, sometimes the only benefit is to the public good, and even that is no small thing.
  • With silence, charity will fail both itself and the broader public good.

Definition of public good in:

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