Last Updated
：2025/12/05
private good
Sense（1）
（ plural ）
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(economics) A good that is rivalrous and excludable.
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private good
A private good, such as a bottle of water, is rivalrous and excludable, so one person's consumption can prevent others from using it and providers can exclude nonpayers.
See correct answer
A private good, such as a bottle of water, is rivalrous and excludable, so one person's consumption can prevent others from using it and providers can exclude nonpayers.
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