what is good in economics
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Answer:
An economic good will have some degree of scarcity in relation to demand. It is the scarcity that creates a value people become willing to pay for. It is the scarcity which creates opportunity cost. – For example, if we pick apples from a tree, it means that other people will not be able to enjoy them.
Answer:
in economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product