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Questions
What are free goods? Give an example.
What is meant by free goods?
Solution
In economic terms, free goods refer to those goods that can be attained spontaneously, such as air, sunlight, rivers, water, etc. These are incredibly essential items without which man cannot survive, but they can be obtained without any special effort. They are nature's blessings to man.
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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?
