Question

Distinguish between economic goods and non economic goods​

Answer 1

Answer:

Economic goods are those which have a price and their supply is less in relation to their demand or is scarce. ...

Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply. Examples of non-economic goods are air, water, sunshine, etc.

Explanation:

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Answer 2

Answer:

*Economic goods :

a product or service which can command a price when sold.

*Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply.

Explanation:

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