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What is meant by an economic good? - Economics

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प्रश्न

What is meant by an economic good?

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उत्तर

Goods which command some price because they are scarce and are capable of satisfying human wants. It is only because economic goods are useful that they are demanded by people, and only because they are scarce that sellers are prepared to sell them at a price.

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अध्याय 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [पृष्ठ २६]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 1. | पृष्ठ २६
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