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Private good

A private good is defined in economics as "an item that yields positive benefits to people" that is excludable, i.e. its owners can exercise private property rights, preventing those who have not paid for it from using the good or consuming its benefits; and rivalrous, i.e. consumption by one necessarily prevents that of another. A private good, as an…

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Example of a private good

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1 related topics

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EconomicsExcludabilityPrivate property rightsRivalryConsumption
10 related topics

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Example of a private good

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Private good

Nodes14
Edges13
Triples3
Avg. degree1.86
Density0.142857
Components1

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Private good

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related to Example of a private good · 2
Private good → An, To
is a · 1
Private good → horizontal summation of individual demand curves.Unlike public goods

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Important terminology

good private benefits consumption obtaining people another example rivalrous competition person one public goods clean air rivalry market demand curve

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SubjectPredicateObjectConfidenceSrc
Private goodis ahorizontal summation of individual demand curves.Unlike public goods0.90text
Private goodrelated to Example of a private goodAn0.60section
Private goodrelated to Example of a private goodTo0.60section

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