noun
private goods
Economic term referring to goods that are both excludable and rivalrous, such as food, clothing, or a car. Contrasts with public goods.
私的財は市場で取引されることが多い。
Private goods are often traded in markets.
経済学では、私的財と公共財を区別する。
In economics, a distinction is made between private goods and public goods.
Private property refers to ownership rights, while 私的財 is a specific economic classification of goods.
Compound of 私的 (private) and 財 (goods, wealth). A modern economic term.