What is another word for public goods?
Pronunciation: [pˈʌblɪk ɡˈʊdz] (IPA) 
Public goods are a key concept in economics, referring to goods and services that are non-excludable and non-rivalrous, meaning that it is not possible to prevent people from using them and their use does not diminish their availability to others. There are several synonyms for public goods, including societal goods, communal goods, and shared resources. These terms all refer to the idea that certain valuable resources belong to the entire community, rather than to any one individual or group. Other related concepts include common goods, which are rivalrous but non-excludable, and public services, which refer to government-provided services such as education and healthcare. Understanding these terms is important for policymakers and economists who are trying to promote the efficient use of public resources.
