Economy, asked by bhuttareddykumar8, 5 months ago

explain about economic goods

Answers

Answered by Anonymous

1

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

Previous Question

Next Question

Similar questions

English, 2 months ago

Write a short story in about 150 - 200 words using the outline given below. A boy used to cry for new costly shoes--- poor father--- factory worker--- meagre salary--- couldn't afford--- the boy cried a lot--- left home--- saw a beggar at the bus stop--- he had no legs--- realisation happened--- thanked God for giving him two legs--- realised the love and care of his...

English, 2 months ago

1. He said, "I've forgotten to bring my lunch." * A) He said that he has forgotten to bring his lunch. B) He said that he had forgotten to bring his lunch. C) He said that he forgot to bring his lunch. pls answer it correctly and I will help you back..

Computer Science, 2 months ago

two features of First Generation Language.

English, 5 months ago

National Institute of Homeopathy is situated in which of the following cities?

English, 5 months ago

Describe on activity with labeld diagram to illcestrate the effect of increase of temperature on ice...

Biology, 10 months ago

8. What are the characteristics of prokaryotic cells?

Biology, 10 months ago

Plzz tell the answer ASAP...

Science, 10 months ago

Figure 10.1 shows a ray of light as it travels from medium A to medium B. Refractive index of the medium B relative to medium Ais a) 3/ tb / 5 fel / nya...