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What does public good mean?

Looking for the meaning or definition of the word public good? Here's what it means.

Noun
  1. (uncountable) The general welfare of the people; the best interests of the community.
  2. (economics) A good that is non-rivalrous and non-excludable.
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Examples
As a preponderant power, it can provide an important public good by acting as a mediator.
When personal rights are abridged in the name of the public good, conflict usually ensues, and gin-soaked London was no exception.
But military defense that protected only one state, or a small group of states, still is a public good.
This study compares the two calibrations in a conjoint analysis involving donations to a public good.
A publication may be age restricted if it is likely to be injurious to the public good.
But why does he think the road system must remain a public good funded by the taxpayer?

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