Free good

Free good,

Definition of Free good:

  1. Item of consumption (such as air) that is useful to people, is naturally in abundant supply, and needs no conscious effort to obtain it. In contrast, an economic good is scarce in relation to its demand and human effort is required to obtain it. See also free merchandise.

  2. A resource, such as sunlight or air, which is so abundant that its availability is not a constraint on economic activity.

How to use Free good in a sentence?

  1. Water can no longer be considered as a free good.

Meaning of Free good & Free good Definition