Definition of Economic Good

Definition: An economic good is a physical object or service that has value to people and can be sold for a non-negative price in the marketplace.

Terms related to Economic Goods:

• Giffen Good
• Inferior Good
• The Demand Set

About.Com Resources on Economic Goods:

• A Basket of Goods 32 Years Ago Compared to Now
• Market for Prohibitied Goods
• A Public Good Through the Eyes of College Freshmen

Writing a Term Paper? Here are a few starting points for research on Economic Goods:

Journal Articles on Economic Goods:

• Optimum Currency Areas
• Economists free ride, does anyone else?
• The General Theory of Employment