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Chapter 1: Q.22 (page 25)

Can you think of any examples of free goods, that

is, goods or services that are not scarce?

Short Answer

Expert verified

Sunlight, Air, Water, Thoughts are a few examples of free goods.

Step by step solution

01

Step 1. Free goods-

Goods with zero opportunity cost considered as Free goods. Goods that are present in abundance, and have no opportunity cost are free goods.

02

Step 2.Concept

This means it can be consumed in the quantity as needed without compromising its availability to others.

Example - Sunlight is for all.

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