"Public goods" is a term from the field of Economics and includes such things as freeways and national defense. Basically a public good in the narrow context is something that doesn't make economic sense for a private enterprise to provide; a private firm will build toll-roads, but does not see feasibility in building freeways. In general, public goods are provided by public enterprises. The concept of public goods, like the commons, and many related terms and concepts, has also been vastly extended and applied in many ways.
In the context of an industry, the industry superstructure and infrastructure are the public goods of the industry. It's what is needed by all, but is not feasibly provided by one.
In the social-recreational dance industry, I see the "public goods" as the industry elements discussed in earlier posts as normally being provided by industry/trade associations: industry meetings, forums, conventions, business education, trade shows, trade publications.
In any industry or profession, matters of "public goods" are a key reason for the initiation, development, support and sustenance of industry/trade associations and professional associations.
Comments