Last modified on 31 March 2014, at 18:24

common good

EnglishEdit

NounEdit

common good (uncountable)

  1. The general interest of the population as a whole.
  2. (economics) a good that is rivalrous and non-excludable.
    A classic example of a common good are fish stocks in international waters; no one is excluded from fishing, but as people withdraw fish without limits being imposed, the stocks for later fishermen are potentially depleted. (Wikipedia: Common good)

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