Public goods/Definition: Difference between revisions

Latest revision as of 04:36, 28 October 2009

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A definition or brief description of Public goods.

Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.

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	~~A commodity~~ that can ~~yield [[utility]] to a person without diminishing its utility to others, and from~~ ~~the use of which~~ it is not ~~possible~~ to ~~exclude anyone (see also [[microeconomics]]: public goods)~~.		Products and services that can only be collectively financed because it is not feasible to require individual users to pay for using them.