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Which of the following is an economic good? A Sunshine B Air C Rainfall D A bottle of water

Which of the following is an economic good?

A

Sunshine

B

Air

C

Rainfall

D

A bottle of water

 
 
 

Grade:12

1 Answers

ankit singh
askIITians Faculty 614 Points
one year ago

 

Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good.
 

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