What is PURE PRIVATE GOOD?

An economic term related to goods or services that does not generate any external entities. The producer or consumer of the goods or service will bear all of the costs and receive all of the associated benefits.

More On This Topic



Link to This Definition
Did you find this definition of PURE PRIVATE GOOD helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary