explain "goods" in economics
Answers
Answered by
1
Answer:
In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. ... A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it.
Answered by
112
Question :
- Explain "goods" in economics
Answer :
In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.
Similar questions