Question

what is economic goods​

Answer 1

Answer:

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Answer 2

$\sf\pink{Economic\:goods\:-}$ Goods which involve opportunity cost as they are scarce . Most goods are economic goods even air.

$\sf\blue{Free\:goods\:-}$ Goods which have no opportunity cost are free goods.

$\sf\red{Luxury\:goods\:-}$ Goods which have high quality, durability, or performance that are remarkable superior are called luxury goods.

More To Know :

• A product or service which can command a price when sold.