merit good

noun

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

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Meanings

nounmerit good (plural merit goods)

plural merit goods

  1. economicsA commodity that an individual or society should have on the basis of some concept of need, rather than ability and willingness to pay.
Cite this entry
APA

merit good. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/merit%20good

MLA

“merit good.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/merit%20good. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “merit good,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/merit%20good.

Source: merit good on Wiktionary, CC BY-SA 4.0.