1.1.3 Economic goods & free goods
Topic 1.1.3 - Economic goods and free goods "Anyone who believes in indefinite growth on a physically finite planet is either mad, or an economist."- Sir David Attenborough (b.1926), British broadcaster, biologist, and natural historian This section of the syllabus is about the difference between (i) economic goods and (ii) free goods. Goods refer to tangible (physical) products that can be made and sold. Examples of...