A “public good” is something, like music in public, that provides a benefit to one person without reducing the benefit to others. (Let's assume it's ''good'' music!) One listener does not lose benefit by the presence of other listeners. It is impossible to exclude others nearby from freely hearing it. Food, in contrast, is not a public good, because one person eats one meal and can eat the entire meal without people passing by eating it also! | A “public good” is something, like music in public, that provides a benefit to one person without reducing the benefit to others. (Let's assume it's ''good'' music!) One listener does not lose benefit by the presence of other listeners. It is impossible to exclude others nearby from freely hearing it. Food, in contrast, is not a public good, because one person eats one meal and can eat the entire meal without people passing by eating it also! |