Economics A-Level
Economic good
What Economic good means in Economics A-Level, as defined for AQA.
Definition of Economic good
Check what you remember
Read the wording for your board, then hide it and explain Economic good in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A good whose use involves an opportunity cost, such as the loss of clean air when industrial production increases.
Topics that use Economic good
- Economic resources (AQA A-Level)
Related terms
- Factors of production
- Scarcity and opportunity cost
- Capital
- Environmental scarcity
- Labour
- Land
- Natural capital
Using Economic good in the exam
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