Private Good

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Dictionary Says

Definition of 'Private Good'

A product that must be purchased in order to be consumed, and whose consumption by one individual prevents another individual from consuming it. Economists refer to private goods as "rivalrous" and "excludable". If there is competition between individuals to obtain the good and if consuming the good prevents someone else from consuming it, a good is considered a private good.
Investopedia Says

Investopedia explains 'Private Good'

A private good is the opposite of a public good. Examples of private goods include food, airplane rides and cell phones.

Private goods are less likely to experience the free rider problem because a private good has to be purchased - it is not readily available for free. A company's goal in producing a private good is to make a profit. Without the incentive created by revenue, a company is unlikely to want to produce the good.
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'Private Good'

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  • What Is Private Equity?

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    ... competing bidder. In other words, some investment banks compete with private
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  • Where America's Health Spending Goes - Investopedia.com

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    ... differs from person to person – it's pretty much the one thing each of is individually
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    ... of the other government loan mortgage corporations, IndyMac was always a private
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    ... When You Might Need Private Health Insurance Private health insurance is sometimes
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    ... Additionally, as private-equity investing opens up to more people, the harder it
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  • For Companies, Staying Private A Matter Of Choice

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    ... A good example of a successful private company is SC Johnson, which makes
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  • Ralcorp Needs To Offer More

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    ... More and Better, Please These are supposed to be good days for private label food
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    ... your financial goals, see Debunking 10 Budget Myths.) The Bottom Line Because private
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  • Is Now A Good Time To Invest In Real Estate? - Investopedia.com

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    ... Is Now A Good Time To Invest In Real Estate? ... But is this really a good time
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