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प्रश्न
What are economic goods?
लघु उत्तर
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उत्तर
Economic goods are those goods that are scarce in relation to demand and require resources to produce.
They are limited in supply, command a price and are bought and sold in the market.
Examples include food, clothing, cars, electronics and furniture.
Economic goods are man-made and involve the use of scarce resources for their production.
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