Changes

51 bytes added ,  20:06, January 24, 2017
Extra information
Line 1: Line 1:  
<small>''Good redirects here. For the general concept of good, see [[Good and evil]].''</small>
 
<small>''Good redirects here. For the general concept of good, see [[Good and evil]].''</small>
   −
In [[economics]], a '''good''' is anything for which people will pay, or which has positive [[utility]], though these terms are hard to define. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed [[commodity|commodities]], and those which are intangible (but still capable of being sold) are termed [[services]].
+
In [[economics]], a '''good''' is anything for which people will pay. The [[value]] of a good varies according to its [[utility]] and its scarcity at a particular time and at a particular price. Not all goods can be traded (or even obtained). Goods which are tangible items capable of being sold are termed [[commodity|commodities]], and those which are intangible (but still capable of being sold) are termed [[services]].
    
[[Category:Economics]]
 
[[Category:Economics]]
236

edits