Economy, asked by mahankalishailaja, 3 months ago

what is economic goods​

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Answered by najab43
3

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Answered by TheMiracle
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\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.
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