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  5. Public Goods

Public Goods

Definition of 'Public Goods'

Goods which, if provided at all, can be used by all members of society. For example, defence, law, and public parks.

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Related Terms

Finished Goods Inventory PeriodExcise DutyFinal GoodsGross National ProductDemutualisationInitial Public OfferingIPOPESCPLCPSBRPublic FinancePublic Limited CompanyPublic UtilityReverse AcquisitionWholesalingAccelerated DepreciationBarter EconomyBill of LadingCurrency AppreciationGross Domestic Product

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