Question

economic what do you mine by goods?​

Answer 1

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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.

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Answer 2

Answer:

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.

Explanation:

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