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Definition of economic good in English: economic goodnoun Economics A product or service which can command a price when sold. water is an economic good and should be treated as such Example sentencesExamples - The classical liberals answered that the competition of businessmen will supply the markets with the economic goods needed by consumers.
- For in the economic sense it also includes purchase and sale, and all partial transfers of economic goods (tenancy, rental, lending, etc.) for compensation.
- They are treating water as an economic good, where it will be governed by market principles and put on the market to the highest bidder.
- The entire sum of economic goods at an economizing individual's command we will, on the other hand, call his wealth.
- A spate of rulings by the World Trade Organization, the International Monetary Fund, and the World Bank treat water as an economic good.
Definition of economic good in US English: economic goodnoun Economics A product or service which can command a price when sold. water is an economic good and should be treated as such Example sentencesExamples - They are treating water as an economic good, where it will be governed by market principles and put on the market to the highest bidder.
- The entire sum of economic goods at an economizing individual's command we will, on the other hand, call his wealth.
- The classical liberals answered that the competition of businessmen will supply the markets with the economic goods needed by consumers.
- A spate of rulings by the World Trade Organization, the International Monetary Fund, and the World Bank treat water as an economic good.
- For in the economic sense it also includes purchase and sale, and all partial transfers of economic goods (tenancy, rental, lending, etc.) for compensation.
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