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Definition of public good in English: public goodnoun 1Economics
A commodity or service that is provided without profit to all members of a society, either by the government or by a private individual or organization. Example sentencesExamples - This is all the more important in an era when private companies are gaining ever greater control over essential public goods and services.
- Economists call arrangements of this kind public goods because, unlike private goods, the benefits are not limited to the producer or a single user.
- They are also protesting the commodification of public goods and services, like water, electricity and garbage collection.
- The responsibility of corporate executives, politicians, and officials for ensuring that private and public goods and services are safe is practically never enforced in court.
- We understand our roles in providing public goods and services and stabilising the economy when the private sector is in crisis.
2The benefit or well-being of the public. the frequent conflict between the public good and private interests Example sentencesExamples - If they are able to easily calculate how their choices benefit the public good, they most often make choices that do so.
- With silence, charity will fail both itself and the broader public good.
- However, sometimes the only benefit is to the public good, and even that is no small thing.
- The goal of both the church and the state is to advance the public good.
- We end the nightmare when we challenge the threat of corporate control and when we redefine globalization in our own way - for the public good.
Definition of public good in US English: public goodnoun 1Economics
A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization. a conviction that library informational services are a public good, not a commercial commodity Example sentencesExamples - Economists call arrangements of this kind public goods because, unlike private goods, the benefits are not limited to the producer or a single user.
- They are also protesting the commodification of public goods and services, like water, electricity and garbage collection.
- This is all the more important in an era when private companies are gaining ever greater control over essential public goods and services.
- The responsibility of corporate executives, politicians, and officials for ensuring that private and public goods and services are safe is practically never enforced in court.
- We understand our roles in providing public goods and services and stabilising the economy when the private sector is in crisis.
2The benefit or well-being of the public. the public good clearly demands independent action Example sentencesExamples - If they are able to easily calculate how their choices benefit the public good, they most often make choices that do so.
- However, sometimes the only benefit is to the public good, and even that is no small thing.
- With silence, charity will fail both itself and the broader public good.
- The goal of both the church and the state is to advance the public good.
- We end the nightmare when we challenge the threat of corporate control and when we redefine globalization in our own way - for the public good.
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