Previous Page

Private good

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

Table of Contents

Private Good

A private good is a type of commodity or service that is excludable and rivalrous. Excludability means that it is possible to prevent those who have not paid for the good from consuming it. Rivalrousness means that consumption by one individual reduces the amount available for consumption by others. Private goods are typically owned and provided by private companies or individuals, and are not provided by the government. Examples of private goods include cars, houses, and food.

History of Private Goods

The concept of private goods has been around since the dawn of civilization. In ancient times, private goods were typically produced and consumed by individuals or small groups. As societies grew and became more complex, private goods became more widely available and were produced and consumed on a larger scale. In the modern era, private goods are produced and consumed by large corporations and individuals, and are often regulated by governments.

Comparison of Private Goods and Public Goods

Private Goods Public Goods
Excludable Non-excludable
Rivalrous Non-rivalrous
Owned by private companies or individuals Owned by the government
Often regulated by governments Not regulated by governments


Private goods are commodities or services that are excludable and rivalrous. They are typically owned and provided by private companies or individuals, and are often regulated by governments. For more information about private goods, visit websites such as Investopedia, The Balance, and The Economist.

See Also

  • Public Good
  • Common Good
  • Excludability
  • Rivalrousness
  • Free Good
  • Economic Good
  • Consumer Good
  • Producer Good
  • Private Property
  • Public Property

Do you like the post? Share it now:

AnalyticsTrade Team

AnalyticsTrade Team

🎉 Introducing AnalyticsTrade's exceptional team of expert analysts! 🌟 These seasoned pros have been dominating the capital market, trading a diverse range of assets for more than 15 years! 📈💹 Get ready to level up your game with our top-notch, captivating resources in the capital market! 🚀📚

Was this article helpful?


Thank You for Contacting Us!

Your email has been successfully submitted and we will get in touch with you shortly