diff --git a/concepts/public-goods.md b/concepts/public-goods.md index e42acf6..7befe44 100644 --- a/concepts/public-goods.md +++ b/concepts/public-goods.md @@ -1 +1,21 @@ -# Public goods +# Public Goods + +Public goods are goods which anyone can use and benefit from, not just those who contribute to the creation and/or upkeep of the good. + +* Public goods are non-excludable: anyone can use them. +* Public goods are non-rival: one person's consumption of the good does not diminish another person's consumption of it. + +| Rival | Non-Excludable | Excludable | +| ----------- | ------------ | ----------------------| +| Yes | Private goods | Common-Pool Resources | +| No | Club goods | Public Goods | + +## Examples of public goods: + +* National defence +* Open source software +* City parks +* Lighthouses +* Street lights + +See [Public Goods Problem](public-goods-problem.md)