what is economic good and free good
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1.economic good
economic goods. A consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it. In contrast,
2. free goods (such as air) are naturally in abundant supply and need no conscious effort to obtain them. See also good.
1.economic good
economic goods. A consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it. In contrast,
2. free goods (such as air) are naturally in abundant supply and need no conscious effort to obtain them. See also good.
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