A product or service which can command a price when sold.
〔经济〕经济物品 （可有价销售的产品或服务）
water is an economic good and should be treated as such
Example sentencesExamples
The classical liberals answered that the competition of businessmen will supply the markets with the economic goods needed by consumers.
For in the economic sense it also includes purchase and sale, and all partial transfers of economic goods (tenancy, rental, lending, etc.) for compensation.
They are treating water as an economic good, where it will be governed by market principles and put on the market to the highest bidder.
The entire sum of economic goods at an economizing individual's command we will, on the other hand, call his wealth.
A spate of rulings by the World Trade Organization, the International Monetary Fund, and the World Bank treat water as an economic good.
Definition of economic good in US English:
economic good
noun
Economics
A product or service which can command a price when sold.
〔经济〕经济物品 （可有价销售的产品或服务）
water is an economic good and should be treated as such
Example sentencesExamples
They are treating water as an economic good, where it will be governed by market principles and put on the market to the highest bidder.
The entire sum of economic goods at an economizing individual's command we will, on the other hand, call his wealth.
The classical liberals answered that the competition of businessmen will supply the markets with the economic goods needed by consumers.
A spate of rulings by the World Trade Organization, the International Monetary Fund, and the World Bank treat water as an economic good.
For in the economic sense it also includes purchase and sale, and all partial transfers of economic goods (tenancy, rental, lending, etc.) for compensation.