Definition of Economic Good

Shopping cart in grocery store full of fruit
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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: