I still reserve the right to be wrong. So, goods. Goody gumdrops. It's a good thing, in a blog about economics, to talk about goods. Hopefully I'll do a good job, because I'm running out of tired turns of phrase. SCARCE AND NON-SCARCE RESOURCES So, there's some stuff you can get as much of as you like ( I can download the pdf of Jeffrey Tucker's "It's a Jetsons World" ) and there's some stuff you can't. The latter would include computers. But let's use an easier example; that pdf is a digitised version of a book, and books in their hardcopy form are scarce, as opposed to the intangible text inside. Air is another non-scarce resource. NON-SCARCE GOODS Non-scarce goods are called goods because they can be consumed by humans. If they have their origin in human action or production they can also be called products (as per ECON 1a). You can consume air, so air is a good. As regards produced goods, if they are infinitely repro...
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