The Good Life

A positive, enjoyable, or worth-seeking mental state that gives a feeling of satisfaction and enjoyment.

It is characterized as a state of contentment, rooted in a life imbued with meaning and satisfaction.

It is an item or service that can be consumed without diminishing its availability to others and cannot be withheld from non-paying individuals.

The economic concept of the public good pertains to the benefit that may accrue an individual or a firm in pursuing a project that will offset possible losses or adverse effects and that will likewise benefit the general public.

There is a distinction between service and profit orientations. Industrial and business firms are profit-oriented, while governmental agencies are service-oriented.

Government- owned or -controlled corporations are basically service-oriented but they are encouraged to be self- liquidating.

Goods that are considered by the government as basic or essential and necessity such as national security, education, health services, trade and industry.

Set up by the private sector either solely or in participation with the government since the private sector sees their realization as profitable, and the general public benefits from them as well either as customers or as free riders.

These are undertaken by some private organizations or civil societies for the common good of the communal or national public.

It prioritizes intrinsic values such as purpose, meaningful relationships, health, and community contribution, as opposed to transient pleasures