Economics ko question ho solve gardinu

Question

ScanSolve AI Tutor · Accepted Answer

Here's the solution to your economics question:

The correct option is 4.

Understand the definition of an economic good.
An economic good is a good or service that is scarce, has utility, and is transferable. It requires resources to produce and commands a price in the market.
Evaluate each option against the definition.
- Scarcity: Economic goods are scarce, meaning their supply is limited relative to demand. This is a characteristic.
- Utility: Economic goods must provide satisfaction or utility to consumers. This is a characteristic.
- Transferability: Economic goods can be exchanged or transferred from one person to another. This is a characteristic.
- Free gift of nature: Goods that are free gifts of nature (like air or sunlight) are typically free goods, not economic goods, because they are abundant and do not require human effort or resources to obtain. Economic goods are not free gifts of nature; they are produced using scarce resources.
Identify the option that is not a characteristic.
Based on the evaluation, "Free gift of nature" is not a characteristic of an economic good.

The characteristic that is not of an economic good is:
$\text{4. Free gift of nature}$

Answer