Definition of economic good in English:
A product or service that can command a price when sold: water is an economic good and should be treated as such
More example sentences
- The entire sum of economic goods at an economizing individual's command we will, on the other hand, call his wealth.
- A spate of rulings by the World Trade Organization, the International Monetary Fund, and the World Bank treat water as an economic good.
- The classical liberals answered that the competition of businessmen will supply the markets with the economic goods needed by consumers.
Definition of economic good in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan