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makkiz [27]
3 years ago
8

A product that is not an object or something that is owned is called

Social Studies
1 answer:
PtichkaEL [24]3 years ago
5 0

Answer:

non-economic good

Explanation:

There are three main types of goods:<em> Material and Non-Material Goods, Intermediate Goods and Final Goods. </em>

The first type is further divided into two: Economic and Non-Economic Goods. Those goods which are not objects and cannot be owned are considered <u><em>"Non-Economic Goods." </em></u>They come from nature and are available everywhere; thus, they are regarded "free." Examples of these goods are: <em>air, river, sunshine, etc.</em> They only become an economic good once they're further processed or collected to be sold. For example, when water is purified, it becomes an economic good.

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