From 17a616f57607eb94b233d44781bedea0a36b9306 Mon Sep 17 00:00:00 2001 From: EilidhRoss1 <98904290+EilidhRoss1@users.noreply.github.com> Date: Tue, 21 Jun 2022 12:41:01 +0100 Subject: [PATCH] add public goods --- concepts/public-goods.md | 22 +++++++++++++++++++++- 1 file changed, 21 insertions(+), 1 deletion(-) 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)