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A private good is defined in economics as a good that exhibits these properties: 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: bread eaten by a given person cannot be consumed by another (rivalry), and it is easy for a baker to refuse to trade a loaf (excludable). One of the most common way of looking at goods in economy, illustrated in the table below, is the classic division based on:
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