WAEC - Economics (2013 - No. 18)
Goods which have to be paid for are known as
physical goods
economic goods
free goods
intangible goods
Spiegazione
An economic good is a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it. People work towards owning these goods because they are essential. Example include Food, clothing and housing.