Question

Hi all can u please tell me the difference between economic goods and non economic goods... (2 points)... And also please tell me the name of yours.. With the answer ​

Answer 1

Answer:

Lion Economic and non-economic goods:

*Economics goods are scarce in supply and have to be purchased by paying a price. Example: soap, dresses, table etc.

*Non-economic goods are free gifts of nature which are available free of cost. ... Producer goods are those goods that are used in the production of other goods and services.

Answer 2

Answer:

Economic goods are those which have a price and their supply is less in relation to their demand or is scarce. ... Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply. Examples of non-economic goods are air, water, sunshine, etc.