merit good

noun

Meaning

A commodity that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

demerit good(English)positional good(English)common good(English)primary goods(English)commodity(English)normal good(English)demand(English)private good(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data