When a guest in a hotel purchases a toothbrush and toothpaste from the gift shop, the guest has purchased what from the hotel?

1 answer:

3 0

When a guest in a hotel purchases a toothbrush and toothpaste from the gift shop, the guest has purchased a good from the hotel.

In the field of economics, we can define a good to be an item that has utility and also has the ability to satisfy the wants that people would have in the society.

This is a good because the paste and the brush is useful for the cleaning of the teeth hence this can be termed as its utility. In essence we can say that When a guest in a hotel purchases a toothbrush and toothpaste from the gift shop, the guest has purchased a good from the hotel.

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