Private good: The opposite of a public good which does not possess these properties. A loaf of bread, for example, is a private good; its owner can exclude others from using it, and once it has been consumed, it cannot be used by others.
Private good The opposite of a public good which does not possess the:se properties. A loaf of br,ead, for example, is a private good; its owner can exclude others from using it and once it has been consumed, it cannot be used by others.