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प्रश्न
Answer briefly the following questions :
Distinguish between economic goods and free goods.
उत्तर
An economic good is a consumable item that is useful to people but is scarce in relation to its demand, so the human effort is required to obtain it. On the contrary, free goods (such as air) are naturally available in abundance and need no conscious effort to obtain them.
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संबंधित प्रश्न
What are free goods? Give an example.
Answer the following question briefly:
How are capital goods and consumer goods different from each other?
Answer the following question:
Discuss the nature of primitive economies.
Define economic organisation.
Free goods are those goods that are gifts of nature and are available in abundance to all.
Which one of the following examples indicates the use of free goods?
