economic good

economic good
That which is scarce and useful to mankind. The CENTER ONLINE Futures Glossary

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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 exchanged through a market.


Financial and business terms. 2012.

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Look at other dictionaries:

  • economic good — See good …   Big dictionary of business and management

  • economic good — a commodity or service that can be utilized to satisfy human wants and that has exchange value. * * * …   Universalium

  • economic good — product or service whose supply is limited and that is acquired through payment …   English contemporary 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

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