Difference between revisions of "Free good"

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(New page: A free good is a good that is not scarce. It is a good which has a supply that always exceeds demand even at a price of zero. An example of a free good is air.)
 
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A free good is a good that is not scarce.  It is a good which has a supply that always exceeds demand even at a price of zero.  An example of a free good is air.
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A '''free good''' is a good that is not [[scarce]].  It is a good which has a [[supply]] that always exceeds [[demand]] even at a price of zero.  Examples of free goods are air and seawater at sea or near the coast.
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[[Category:Economics]]

Latest revision as of 13:11, July 13, 2016

A free good is a good that is not scarce. It is a good which has a supply that always exceeds demand even at a price of zero. Examples of free goods are air and seawater at sea or near the coast.