공공재
Goods or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
Examples
3 of 5깨끗한 공기는 모두가 누려야 할 공공재이다.
Clean air is a public good that everyone should enjoy.
정부는 공공재의 효율적인 공급을 위해 노력해야 한다.
The government must strive for the efficient supply of public goods.
이 도서관은 우리 마을의 소중한 공공재야.
This library is a precious public good for our village.
Word Family
Memory Tip
Gong-gong (Public) + Jae (Goods). Public Goods.
Quick Quiz
치안과 같은 ( )는 국가에 의해 관리되어야 한다.
Correct!
The correct answer is: 공공재
Examples
깨끗한 공기는 모두가 누려야 할 공공재이다.
everydayClean air is a public good that everyone should enjoy.
정부는 공공재의 효율적인 공급을 위해 노력해야 한다.
formalThe government must strive for the efficient supply of public goods.
이 도서관은 우리 마을의 소중한 공공재야.
informalThis library is a precious public good for our village.
공공재의 비배제성은 무임승차 문제를 야기한다.
academicThe non-excludability of public goods causes the free-rider problem.
기업의 사회적 책임은 지식을 공공재로 공유하는 것을 포함한다.
businessCorporate social responsibility includes sharing knowledge as a public good.
Word Family
Common Collocations
Common Phrases
공공재적 성격
public-good-like nature
공공재 확충
expansion of public goods
공공재 보호
protection of public goods
Often Confused With
'공공시설' refers to physical buildings/facilities, while '공공재' is a broader economic term for any non-excludable good.
Usage Notes
A key term in IELTS Economics and Social Issues essays.
Common Mistakes
Learners sometimes confuse this with '공공장소' (public place).
Memory Tip
Gong-gong (Public) + Jae (Goods). Public Goods.
Word Origin
From Sino-Korean 公共財.
Grammar Patterns
Cultural Context
In Korea, public services like health insurance are often discussed using this framework.
Quick Quiz
치안과 같은 ( )는 국가에 의해 관리되어야 한다.
Correct!
The correct answer is: 공공재
Related Vocabulary
More economics words
보조
B1The act of helping or supporting a main function or entity. It often refers to financial assistance (subsidies) or providing secondary aid to complete a task.
유인책
B2A measure or incentive designed to encourage someone to do something or to attract people to a specific place or activity.
경제성장
B1The increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It is a key topic in academic discussions about national development.
개도국
B1Short for '개발도상국' (Developing Country). A country with a less developed industrial base and a lower Human Development Index relative to other countries.
파생
B2The process where something new originates or branches out from a primary source or root. In finance, it refers to products whose value comes from an underlying asset.
유동성
B2The ease with which assets can be converted into cash, or the quality of being fluid and changeable. In a broader sense, it refers to a lack of fixed structure or stability.
동반하다
B2To accompany or go along with something, often used when one phenomenon causes or occurs simultaneously with another. In academic contexts, it refers to consequences or parallel trends.
둔화되다
B2To slow down or become less active. It is often used to describe economic growth, speed, or the rate of progress decreasing.
능가하다
B2To exceed or surpass a certain level, amount, or ability. It is often used to compare achievements or statistics in academic contexts.
재분배
B2The distribution of something (especially wealth or land) in a different way, typically to achieve greater equality within a society.
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