Economy, asked by divya1034, 5 months ago

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

Answers

Answered by Anonymous

5

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.

Answered by Anonymous

21

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.

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