An economic ✔ is something that people must have in order to survive, such as food or shelter. Nearly everything else is an economic

Answer 1

An economic good is something that people must have in order to survive, such as food or shelter. Nearly everything else is an economic service.

In this context, "goods" refer to tangible items that can be consumed or used, while "services" refer to activities or benefits provided by one party to another, often in exchange for money.