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Good

From The Austrian Economics Wiki, the global repository of classical-liberal thought
Revision as of 21:30, 26 April 2009 by Pestergaines (talk | contribs) (Scarcity: wording)

In economics, a good is any object or service that increases utility, directly or indirectly. It should not to be confused with the adjective "good", as used in a moral or ethical sense.

Scarcity

Everything is scarce, except for things that are not.