Question

explain why a car is an economic good ?​

Answer 1

Answer:

An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. ... An economic good will have some degree of scarcity in relation to demand. It is the scarcity that creates a value people become willing to pay for.

Explanation:

Hope it helps you

Answer 2

Explanation:

An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost. ... An economic good will have some degree of scarcity in relation to demand. It is the scarcity that creates a value people become willing to pay for.

ex:- For example, land is scarce and is capable of producing rice or sugarcane.