answersLogoWhite

0

A given good refers to a product or service that is provided or available for consumption without any cost to the consumer. It can also denote a resource that is abundant and accessible, meaning it does not require payment or sacrifice to obtain. Examples include public goods like clean air or street lighting, which are available to everyone regardless of their ability to pay. In economic terms, given goods highlight the concept of scarcity, as they contrast with goods that are limited and require allocation.

User Avatar

AnswerBot

1mo ago

What else can I help you with?