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

  • 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

  • good — [gʊd] noun [singular] 1. ECONOMICS something that has been produced in order to be used or sold. The word is used in the singular form by economists, but not usually by ordinary people: • In the real free market, the users bear the costs of a… …   Financial and business terms

  • 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

  • Economic inequality — refers to disparities in the distribution of economic assets and income. The term typically refers to inequality among individuals and groups within a society, but can also refer to inequality among nations. Economic Inequality generally refers… …   Wikipedia

  • Economic data — are usually numerical time series, i.e., sets of data (covering periods of time) for part or all of a single economy or the international economy. When they are time series the data sets are usually monthly but can be quarterly and annual. The… …   Wikipedia

  • 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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