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Grade 12Discuss with colleagues and IITians

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

arsh tan

5 Years agoGrade 12

1 Answer

ankit singh

5 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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