公こう共きょう財ざい

noun

public goods

Economic term for goods or services that are non-excludable and non-rivalrous, typically provided by the government, such as national defense or lighthouses. Compare with 集合財 (collective goods).

See also: 集合財

• 灯とう台だいは公こう共きょう財ざいの代だい表ひょう例れいとしてよく挙あげられる。

  Lighthouses are often cited as a classic example of public goods.

• 公こう共きょう財ざいは市し場じょうだけでは十じゅう分ぶんに供きょう給きゅうされないため、政せい府ふの役やく割わりが重じゅう要ようになる。

  Because public goods are not adequately supplied by the market alone, the role of government becomes important.