NounPlural uncountable
From Wiktionary under the GNU Free Documentation License. In economics, a public good is a good that is non-rivalrous and non-excludable. This means that consumption of the good by one individual does not reduce availability of the good for consumption by others; and that no one can be effectively excluded from using the good. In the real world, there may be no such thing as an absolutely non-rivaled and non-excludable good; but economists think that some goods approximate the concept closely enough for the analysis to be economically useful. For example, if one individual visits a doctor there is one less doctor's visit for everyone else, and it is possible to exclude others from visiting the doctor; it is a rivaled and excludable private good. Conversely, breathing air neither significantly reduces the amount of air available to others, nor can people be effectively excluded from using the air. This makes it a public good, but one that is economically trivial, as air is a free good. A less straight-forward example is the exchange of MP3 music files on the internet: the use of these files by any one person does not restrict the use by anyone else and there is little effective control over the exchange of these music files. Non-rivalness and non-excludability may cause problems for the production of such goods. Specifically, some economists have argued that they may lead to instances of market failure, where uncoordinated markets driven by parties working in their own self interest are unable to provide these goods in desired quantities. These issues are known as public goods problems, and there is a good deal of debate and literature on how to measure their significance to an economy, and to identify the best remedies. These debates can become important to political arguments about the role of markets in the economy. More technically, public goods problems are related to the broader issue of externalities. Graphically, non-rivalry means that if each of several individuals has a demand curve for a public good, then the individual demand curves are summed vertically to get the aggregate demand curve for the public good . This is in contrast to the procedure for deriving the aggregate demand for a private good, where individual demands are summed horizontally. From Wikipedia under the
GNU Free Documentation License How do you know if a public school is good? Q. We have a child who will be school age in a few years. We're wondering if we should stay in our neighborhood, where the public schools are pretty good, or move to a nearby area where they're excellent. The trouble is that those ratings are based on standardized tests, and the "excellent" area populated by the type of parents who value education and help their children do well. So I don't know if the school itself is any better, or if it's just the parents. If it's the parents, we can do that ourselves without moving anywhere. How can I evaluate the schools? Asked by rainfingers - Wed Jul 19 12:36:59 2006 - - 25 Answers - 0 Comments A. Check teacher/student ratio, new teacher turn over/long term teachers and the same for prin. and superintendent, teachers with BA/Masters, ethnic ratio,financial stats of students,school finances and funding, etc. Specialized classes for gifted and talented-spec.ed. -reading resource- science mini camps or weekly program for students gifted in science. Will art, music, & band and computers be weekly, biweekly, 1/2 sem., full yr., PE requirements and do they really have a disciplined schedule?,tutoring, library, aides with HS diploma/ged/college, grading system( as a teacher I had to give every student a base of 50% even if they just put their name!So they really could pass with only 20% of the knowledge that the school/state required. It… [cont.] Answered by BECKBY - Wed Jul 19 14:24:26 2006 Is it possible that facebook will go public in the stock market and if so is it a good buy? Q. I have heard some speculation that facebook could someday go public in the stock market. If so will it be a good buy? Will it compare to google? Asked by enigma84007 - Sat Jul 5 13:41:33 2008 - - 3 Answers - 0 Comments A. It is possible and there has been much speculation over a possible Facebook IPO. A lot of this speculation was quieted last year when Microsoft bought a small private stake (something like $300 million) in the company last year, which in effect valued Facebook at around $15 billion Just recently it was discovered that Facebook was actually only valued by Microsoft at around $3 billion or so. The chances of Facebook going public are now much lower, but the financial industry understands what it is and would likely pour a lot of capital into it right at the outset if it ever happened. I for one would probably try get allocations if they ever decide to do an IPO, but it could be a long ways off if ever. Will it compare to Google? … [cont.] Answered by gdfgefg - Sat Jul 5 13:59:56 2008 Is public policy a good minor along with a history major for pre-law?
Q. I am a history major thinking about picking up a public policy minor with the emphasis in environmental public policy. I want to eventually go to law school for environmental law. Is this a good thing? Any suggestions on a different minor or double major in something else? Asked by Phil - Tue Sep 15 23:46:38 2009 - - 1 Answers - 0 Comments A. It would be fine, I would recommend taking some economics as well as logic classes too. Public policy helps explain the workings of government more than actual Constitutional interpretation, political science may be more useful. But public policy would definitely work fine. Answered by whorahdey85 - Tue Sep 15 23:50:27 2009 From Yahoo Answer Search: "public good"  wicknews.wordpress.com Wick Communications Fri, 18 Sep 2009 14:19:06 GM The editorial writer should draw fair conclusions from the stated facts, basing them upon the weight of evidence and upon the writer's considered concept of the . public good. . The editorial writer should never use his or her influence to ...  politico.com Carrie Budoff Brown,Patrick O'Connor ue, 29 Sep 2009 09:44:39 GM Like Chris Matthews last night saying, the . public. isn't interested in health care, it's jobs they are worried about. Everyone I know is worried to death about healthcare even if they have a . good. insurance plan. ...  niu.edu unknown ue, 29 Sep 2009 16:13:35 GM Working with Tim is great because he's a radio programmer at heart and he understands the . public. mission of what we're doing, said Bill Drake, program director at Northern . Public. Radio. He's just a . good. guy to work for, ... From Google Blog Search: "public good" |
