Question

what is economic goods and free goods

Answer 1

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, free goods (such as air) are naturally in abundant supply and need no conscious effort to obtain them.

Answer 2

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

free goods: are naturally in abundant supply and need no conscious effort to obtain them.