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单词 free good
释义

Definition of free good in English:

free good

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

    water can no longer be considered as a free good
    Example sentencesExamples
    • Homesteading land in the US West in the middle of the 19th century was a free good.
    • Free goods are valuable, but they are in such ample supply they have no price.
    • These rights create value to something that was otherwise a free good, e.g. clean air or water.
    • Viewed from the vantage point of economic theory, the internet may be what economists call a "free good".
    • For almost 300 years, knowledge was thought of as a free good, open to all people.

Definition of free good in US English:

free good

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

    water can no longer be considered as a free good
    Example sentencesExamples
    • For almost 300 years, knowledge was thought of as a free good, open to all people.
    • These rights create value to something that was otherwise a free good, e.g. clean air or water.
    • Homesteading land in the US West in the middle of the 19th century was a free good.
    • Free goods are valuable, but they are in such ample supply they have no price.
    • Viewed from the vantage point of economic theory, the internet may be what economists call a "free good".
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更新时间:2024/10/19 14:35:24