FT MarketWatch

Public goods

An exception to the free-market system marked by two characteristics. First, if one person consumes Public goods, the amount available remains the same. Second, once Public goods are available, no one can be stopped from consuming them for free. An example is the protection provided by police, fire departments, and the military.

Related Terms: 5 Market, Public goods, Public, SEC, Top
Other Related Pages: Category: Economy Starting With: P
Additional Related Terms: 10-K, Accelerated Cost Recovery System, Allowance for depreciation, Available assets, Above par, Accrued market discount, At par, All or any part, Automated Order Entry System, Add-on service