Economy, asked by bhuttareddykumar8, 6 months ago

explain about economic goods

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Answered by Anonymous

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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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