Definition of Economic Good

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Definition: An economic good is a physical object or service that has value to people and can be sold for a non-negative price in the marketplace.

Terms related to Economic Goods:

About.Com Resources on Economic Goods:
  • A Basket of Goods 32 Years Ago Compared to Now
  • Market for Prohibitied Goods
  • A Public Good Through the Eyes of College Freshmen
Writing a Term Paper? Here are a few starting points for research on Economic Goods:

Journal Articles on Economic Goods:

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Your Citation
Moffatt, Mike. "Definition of Economic Good." ThoughtCo, Nov. 25, 2014, thoughtco.com/definition-of-economic-good-1148002. Moffatt, Mike. (2014, November 25). Definition of Economic Good. Retrieved from https://www.thoughtco.com/definition-of-economic-good-1148002 Moffatt, Mike. "Definition of Economic Good." ThoughtCo. https://www.thoughtco.com/definition-of-economic-good-1148002 (accessed December 17, 2017).