Question

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

Answer 1

Answer:

non-economic good

Explanation:

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

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 "Non-Economic Goods." They come from nature and are available everywhere; thus, they are regarded "free." Examples of these goods are: air, river, sunshine, etc. 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.