A public good is any good that is produced by the government.

Question

Quizplus · Accepted Answer

A public good refers to a good or service that is non-excludable and non-rivalrous, meaning that it is available to everyone and its consumption by one individual does not diminish its availability to others. While some public goods may be produced by the government, not all goods produced by the government are classified as public goods (e.g. private roads, military equipment, etc.).

A Public Good Is Any Good That Is Produced by the Government