CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Seawater, fresh air, etc are regarded in Economics as _________.

A
giffen goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
inferior goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
free goods
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
normal goods
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C free goods
Sea water,fresh air,etc are regarded as free goods in economics as these are natural resources and hence these are the free gifts of nature.These resources also possess unlimited availability.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Understanding Human Capital
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon