0
Can you think of any goods that can be either free or economic?
Wiki User
∙ 12y ago
Water
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
Diffirenciate the economic goods to free goods?
Fresh air.
How is a country economic well being enhanced through free international trade in goods and services?
how is country's economic well being enhanced through free international trade in goods and services
Is rain and sunshine free goods or economic good?
rain nad sunshine is free good
What the classification of goods?
goods maybe classified as free goods and economic goods. Free goods refer to those that could be obtained in unlimited quantities without cost. There are very few goods that may be called free. Included under these are sunshine,air and water,but even these goods are freely only in certain places. Water is free in the countryside,but it has to be paid for in the cities and big towns. The same thing is true with the air. it is supposed to be free but the air that we get from the electric fan or air conditioner is not free.Most of the goods we need are scarce have to be paid for.. These are called economic goods.
How can free goods become economic goods?
Free goods are those which are obtained with out cost: example air, water in a lake (if you are in country), fruits (if you are in a field with trees). To obtain economic goods means to pay a cost and use labor force to obtain it
What economic system is characterized by the unregulated exchange of goods and services.?
Free Market is characterized by the unregulated exchange of goods and services.
What is a free-market economic system?
goods ! likee selling , trading & stuff like that...
This economic system is characterized by the unregulated exchange of goods and services?
Free Market (OW)
Which of the following economic systems is characterized by private or corporate ownership of capital goods?
free enterprise
Why do public goods demonstrate the limitations of a free market economy?
They allow government to make some economic decisions..
The free-rider problem refers to the difficulty of?
The "free-rider problem" is an economic theory, though it is also referred to in political science and social psychology. It refers to a situation in which benefits given to those who do not pay for them result in some diminishment of either the quality or quantity of resources, goods, or services available to the general public.
