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词汇 Impure public good
分类 英语词汇 英语翻译词典
释义

Impure public good

英语百科

Public good

A fireworks display is a public good because it is non-excludable (impossible to prevent people from using it) and non-rivalrous (one individual's use does not reduce availability to others).[1]
Aggregate demand (ΣMB) is the sum of individual demands (MBi)

In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others. Gravelle and Rees: "The defining characteristic of a public good is that consumption of it by one individual does not actually or potentially reduce the amount available to be consumed by another individual". It also can be described as something that is useful for the entire population as is education and infrastructure. This is in contrast to a common good which is non-excludable but is rivalrous to a certain degree.

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