Question

Is fruit an economic or a free good?justify your answer.​

Answer 1

Answer:

An economic good is a good or service that has a benefit (utility) to society. ... This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance. Free goods cannot be traded because nobody living by the sea would buy seawater – there is no point.

Answer 2

Answer:

An economic good is a good or service that has a benefit (utility) to society. ... This is in contrast to a free good (like air, sea, water) where there is no opportunity cost – but abundance. Free goods cannot be traded because nobody living by the sea would buy seawater – there is no point.