Any resource that requires an outlay of effort or assets to obtain it. An economic good is one for which the supply is less than the demand, meaning that the distribution of it will be subject to the laws of supply and demand, as opposed to a free good such as sunlight or air, for which the distribution is unrelated to economic principles.
Related information about economic goods:
- Good (economics) - Wikipedia, the free encyclopedia
... consumption of electrical energy, which is available in a variety of voltages and , in this case, is the economic goods produced by the electric utility company .
- What is economic goods? - BusinessDictionary.com
Definition of 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.
- What is economic goods? definition and meaning - InvestorWords.com
Definition of economic goods: Any resource that requires an outlay of effort or assets to obtain it. An economic good is one for which the supply is less than the ...
- Economic Good - Dictionary Definition of Economic Good
Here are a few starting points for research on Economic Goods: Journal Articles on Economic Goods: Optimum Currency Areas · Economists free ride, does ...
- Economic Goods and Services - MBAResearch and Curriculum Center
Explain how economic goods and services are classified. Economic Goods and Services. What do you want? We all have wants—desires for things that we may ...
- What is Free Goods and economic goods
To obtain economic goods means to pay a cost and use labor force to obtain it. Improve answer. First answer by Contributor . Last edit by Contributor. Question ...
- Non-Economic Goods & Boom-Time Increases in both Investment ...
Jan 26, 2011 ... The blogosphere wants to know: during the artificial boom, how can both investment and consumption grow at the same time? There are ...
- Basic Economic Terms and Concepts - Kinds of Good
The economic goods, on the other hand, are scarce and can be had only on payment. They are limited ... In Economics, we are concerned with economic goods.