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Private Good




  • Excludable (also referred in this context as rivalry) - cannot be consumed by everybody since consumption by one person reduces or excludes consumption by another.

  • Rivalrous (it is finite).


A private good is the opposite of a Public Good , as they are almost exclusively made for Profit .

An example of the private good is Bread : there is a finite amount of it, and bread eaten by a given person cannot be consumed by another.

One of the most common way of looking at goods in economy, illustrated in the table below, is the classic division based on:
  • is there a competition involved in obtaining a given good

  • whether it is possible to exclude a person from consumption of a given good