Difference between revisions of "Free good"
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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. | + | 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. |
[[category:economics]] | [[category:economics]] | ||
Revision as of 12:57, November 26, 2008
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.
