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Definition of free good in English: free goodnoun Economics A resource, such as sunlight or air, which is so abundant that its availability is not a constraint on economic activity. water can no longer be considered as a free good Example sentencesExamples - Homesteading land in the US West in the middle of the 19th century was a free good.
- Free goods are valuable, but they are in such ample supply they have no price.
- These rights create value to something that was otherwise a free good, e.g. clean air or water.
- Viewed from the vantage point of economic theory, the internet may be what economists call a "free good".
- For almost 300 years, knowledge was thought of as a free good, open to all people.
Definition of free good in US English: free goodnoun Economics A resource, such as sunlight or air, which is so abundant that its availability is not a constraint on economic activity. water can no longer be considered as a free good Example sentencesExamples - For almost 300 years, knowledge was thought of as a free good, open to all people.
- These rights create value to something that was otherwise a free good, e.g. clean air or water.
- Homesteading land in the US West in the middle of the 19th century was a free good.
- Free goods are valuable, but they are in such ample supply they have no price.
- Viewed from the vantage point of economic theory, the internet may be what economists call a "free good".
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