What are economic goods?

economic goods are usually considered tangible subjects that meet economic wishes. Economic desire is something that can be met by exchange or financial exchange. These items must be in a limited menu, useful and portable. Intangible items, such as actions and services, can also be considered as economic goods if they are carried for rent.

Those things that are freely available, such as sunshine and gravity, are not economic goods. These types of items are often called free goods. Although these items may have great usefulness, their abundance makes economic exchange to ensure unnecessary. The limited offer of the item helps to determine the costs that must be paid for securing its ownership.

The usefulness of the item is its ability to satisfy economic needs. It may be a technical specification or subjective judgment. How well the item will satisfy the desire and availability of this item determines its economic value. A perfect item can be a scarE while in a larger offer many less acceptable items remain. In this situation, the optimal item would be expensive and less useful items more accessible.

Item can be a rare or limited offer, as well as a perfect thing that will satisfy the desire. If an item is not a portable exchange, it is not an economic good. Could not own individuals with an economic desire. If the item exists but is not for sale, it is not portable and therefore is not economic good. The same would be true if it was not physically possible to make a transaction.

Consumer economic goods are goods that they buy and attract end users. They may be tangible items or intangible services. The washing machine is a tangible item, the services of the washing machine repairers are intangible. The economic value of goods is determined by the offer and usefulness in satisfying economic desire. This can be a highly subjective thing, depending on the indivaIdual perception and taste.

Commercial economic goods are often items purchased by a retailer for direct further sale to consumers. They may also include machinery, raw materials and services necessary for the production of consumer goods. The values ​​of these items are more empirically determined by technical requirements and physical availability. On the contrary, the values ​​of consumer economic goods are subject to the manipulation of the supplier. Economic desire can be influenced by advertising and availability of production quota.