Economics
Textbooks
Boundless Economics
Market Failure: Public Goods and Common Resources
Public Goods
Economics Textbooks Boundless Economics Market Failure: Public Goods and Common Resources Public Goods
Economics Textbooks Boundless Economics Market Failure: Public Goods and Common Resources
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
Created by Boundless

Public Goods

Streetlight

Streetlight

A streetlight is an example of a public good. It is non-excludable and non-rival in consumption.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Streetlight pont des Catalans sunset."
    https://commons.wikimedia.org/wiki/File:Streetlight_pont_des_Catalans_sunset.jpg Wikimedia CC BY-SA.

Related Terms

  • free rider
  • Non-excludable
  • Non-rivalrous
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