Goods which have to be paid for are known as
...Goods which have to be paid for are known as
Physical goods
Economic goods
Free goods
Intangible goods
Correct answer is B
An economic good is a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it. People work towards owning these goods because they are essential. Example include Food, clothing and housing.
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In the diagram above, what is the excess demand at the price of N60? ...
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One of the techniques for rectifying a deficit balance of payment is ...
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