SafeSourcing Wiki [E-G]

Return to Main Wiki Index

No Comments Yet

The economic definition of a good or commodity is any object or service that increases utility, directly or indirectly. A good that cannot be used by consumers directly, such as in the case of an office building or capital equipment, can also be referred to as a good but as an indirect source of utility through resale value or as a source of income. A 'good' in economic usage does not imply moral acceptance or even legality.

Rate This Page: Poor Great   |  Rate Content |
Average rating:  5   
Number of Ratings : 1

 |  View Topic History  |