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Definition 2024
common_good
common good
English
Noun
- The general interest of the population as a whole.
- (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)
Translations
general interest of the population as a whole
Synonyms
- (general interest of the population) public interest; public good