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- Private_good abstract "A private good is defined in economics as "an item that yields positive benefits to people" that is excludable, i.e. its owners can exercise private property rights, preventing those who have not paid for it from using the good or consuming its benefits; and rivalrous, i.e. consumption by one necessarily prevents that of another. A private good, as an economic resource is scarce, which can cause competition for it.The market demand curve for a private good is a horizontal summation of individual demand curves.Unlike public goods, private goods are less likely to have the free rider problem. Assuming a private good is valued positively by everyone, the efficiency of obtaining the good is obstructed by its rivalry, that is simultaneous consumption of a rivalrous good is theoretically impossible; the feasibility of obtaining the good is made difficult by its excludability, that is people have to pay for it to enjoy its benefits.One of the most common ways of looking at goods in the economy, illustrated in the table below, is by examining the level of competition in obtaining a given good, and the possibility of excluding its consumption; one cannot, for example, prevent another from enjoying a beautiful view, or clean air.".
- Private_good thumbnail Grocery_store_in_Roma.jpg?width=300.
- Private_good wikiPageExternalLink index.php?title=Special%3ABookSources&isbn=978-0716786559.
- Private_good wikiPageID "1139275".
- Private_good wikiPageRevisionID "603028562".
- Private_good hasPhotoCollection Private_good.
- Private_good subject Category:Goods.
- Private_good type Abstraction100002137.
- Private_good type Advantage105155821.
- Private_good type Asset105154517.
- Private_good type Attribute100024264.
- Private_good type Good105159725.
- Private_good type Goods.
- Private_good type Quality104723816.
- Private_good comment "A private good is defined in economics as "an item that yields positive benefits to people" that is excludable, i.e. its owners can exercise private property rights, preventing those who have not paid for it from using the good or consuming its benefits; and rivalrous, i.e. consumption by one necessarily prevents that of another.".
- Private_good label "Bien privado".
- Private_good label "Bien privatif".
- Private_good label "Dobra prywatne".
- Private_good label "Private goederen".
- Private_good label "Private good".
- Private_good label "Privates Gut".
- Private_good label "私有财产".
- Private_good sameAs Soukromý_statek.
- Private_good sameAs Privates_Gut.
- Private_good sameAs Bien_privado.
- Private_good sameAs Bien_privatif.
- Private_good sameAs Private_goederen.
- Private_good sameAs Dobra_prywatne.
- Private_good sameAs m.049pmb.
- Private_good sameAs Q1779660.
- Private_good sameAs Q1779660.
- Private_good sameAs Private_good.
- Private_good wasDerivedFrom Private_good?oldid=603028562.
- Private_good depiction Grocery_store_in_Roma.jpg.
- Private_good isPrimaryTopicOf Private_good.
