- economic good
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a commodity or service that can be utilized to satisfy human wants and that has exchange value.
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Universalium. 2010.
economic good
Look at other dictionaries:
economic good — That which is scarce and useful to mankind. The CENTER ONLINE Futures Glossary * * * economic good UK US noun [C, usually plural] ECONOMICS ► a product or service that a person or organization is willing to pay for: »Economic goods are typically… … Financial and business terms
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economic good — product or service whose supply is limited and that is acquired through payment … English contemporary dictionary
economic good — noun : a commodity or service that is useful to man but that must be paid for usually used in plural … Useful english dictionary
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good — A commodity or service that is regarded by economists as satisfying a human need. An economic good is one that is both needed and sufficiently scarce to command a price. A free good is also needed but it is in abundant supply and therefore does… … Big dictionary of business and management
economic life — noun : the period during which an economic good retains its utility … Useful english dictionary
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Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… … Wikipedia
