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Air is an economic good while wind mills using air power to run mill'soperations. Today the best use of air energy is making power (electricity) through wind engines. It is considered most economical in the world of modern technologies.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoBecause free good is a good that has no opportiunity cost.
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What is a non-economic good?
It is a good that does not have the three economic characteristics of: scarcity;provide utility;and, be transferable.
What is conditions lead to economic interdependence?
good economic condition
What are the economic benefits of clean air?
Having clean air can create many economic benefits. One long term benefit is that by having clean air, people will be healthier, and as such, health care costs will be low.
Can you think of anything that is not scarce according to the economic definition?
Air
Diffirenciate the economic goods to free goods?
Fresh air.
What is a non-economic good?
It is a good that does not have the three economic characteristics of: scarcity;provide utility;and, be transferable.
What correctly describes an economic good?
An economic good is an consumer product that requires money to keep.
What is conditions lead to economic interdependence?
good economic condition
Are the efforts to improve air quality worth the economic cost?
Yes, you can't put a price on healthy air to breathe, our lives are more important than the economic cost to improve the quality of the air.
What has the author Thomas E Waddell written?
Thomas E Waddell has written: 'The economic damages of air pollution' -- subject(s): Air, Economic aspects, Pollution
What are the economic benefits of clean air?
Having clean air can create many economic benefits. One long term benefit is that by having clean air, people will be healthier, and as such, health care costs will be low.
Criteria to judge an economic system?
criterias for good economic system
Can you think of anything that is not scarce according to the economic definition?
Air
Diffirenciate the economic goods to free goods?
Fresh air.
What is the economic effect of alcohol?
Good
What is the economic system of Bahamas?
Good
Why is economic?
Why is earth good and finance
