Definitions for "Private Good"
A good that provides benefits only to the purchaser. View Capstone Lesson(s) that address this concept
a good or service whose consumption by one person excludes consumption by others (for example, a candy bar, a stereo or a car)
A good or service that can be consumed by only one person at a time and only by those people who have bought it or own it. (p. 204)
Services/activities deemed to benefit specific sectors, business interest or individuals and for which public expenditures are not justified