Give difference between Non-economic and Economic Goods. - Vidyadip

Question

Give difference between Non-economic and Economic Goods.

✓

Answer

There is no control of supply on Non-economic goods.
Economic goods have limited supply.
Non-economic goods are easily available.
It can be obtained in any proportion.
Its supply is unlimited.
In economic goods, there is a scarcity of supply in comparison of demand of goods.
Purchase and sales is not possible for non-economic goods while Purchase and Sales is possible for economic goods.
No price is to be paid for non-economic goods while price must be paid for economic goods.

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