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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
3 years 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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