Useful item of consumption. Naturally in abundant supply. Needs no conscious effort to obtain it. An example is air. Contrast to an economic good. Demand and human effort is required to obtain it. An example is food. Also refer to free merchandise.
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Useful item of consumption. Naturally in abundant supply. Needs no conscious effort to obtain it. An example is air. Contrast to an economic good. Demand and human effort is required to obtain it. An example is food. Also refer to free merchandise.
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