I'm using the terms as defined in standard economics. Public = non rivalrous, non-excludible, private = rivalrous and excludible. https://en.wikipedia.org/wiki

I'm using the terms as defined in standard economics. Public = non rivalrous, non-excludible, private = rivalrous and excludible. https://en.wikipedia.org/wiki/Public_good https://en.wikipedia.org/wiki/Public_good https://en.wikipedia.org/wiki/Private_good https://en.wikipedia.org/wiki/Private_good Suppose we attach the label "public good" to roads or trains. What implications - if any - do you believe follow from this? Certainly the implication that the government should subsidize it does NOT follow. A good which is rivalrous and excludible is one that the market can provide adequate quantities of, in contrast to goods which are non-rivalrous and non-excludible which will be underprovided by the market.