Question

Which of the following is an economic good?

A

Sunshine

B

Air

C

Rainfall

D

A bottle of water

Easy
Solution
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Correct option is D)

Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good.

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