| − | A '''free good''' is a good that is not [[scarce]]. It is a good which has a [[supply]] that always exceeds [[demand]] even at a price of zero. An example of a free good is air. | + | A '''free good''' is a good that is not [[scarce]]. It is a good which has a [[supply]] that always exceeds [[demand]] even at a price of zero. Examples of free goods are air and seawater at sea or near the coast. |