Economic goods are
A. Commodities that is available according to their demand
B. Commodities that is available more as compared to demand
C. all commodities that are limited in quantity as compared to their demand
D. None of the above
Answer: Option C
Solution (By Examveda Team)
Economic goods are all commodities that are limited in quantity as compared to their demand. An economic good is a good or service that has a benefit (utility) to society. Also, economic goods have a degree of scarcity and therefore an opportunity cost.This Question Belongs to General Knowledge >> Basic General Knowledge
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