Question

define economic good with examples in short​

Answer 1

Answer:

An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. ... It is the scarcity which creates opportunity cost. – For example, if we pick apples from a tree, it means that other people will not be able to enjoy them.

Explanation:

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Answer 2

An economic good is a good or service that has a benefit (utility) to society.Another feature of an economic good is that if it can have a value placed on the good, it can be traded in the marketplace and valued using a form of money. An economic good will have some degree of scarcity in relation to demand.