economic good
1economic 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… …
2economic good — See good …
3economic good — a commodity or service that can be utilized to satisfy human wants and that has exchange value. * * * …
4economic good — product or service whose supply is limited and that is acquired through payment …
5economic good — noun : a commodity or service that is useful to man but that must be paid for usually used in plural …
6good — [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… …
7good — 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… …
8economic life — noun : the period during which an economic good retains its utility …
9Economic 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… …
10Economic 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… …