Free good is the term used in economics to describe those products which are available in abundance and therefore consumers don’t need to pay anything in order to use them. In other words free goods are those which are not scarce, given below are some of the examples of free goods or products –
- Air
- Millions of Web pages which are there on internet
- Parks which do not have any entry fees
- Roads
- Road lights
- Government Healthcare services
Apart from above any product which is used by the individuals of society without any effort and cost would be categorized as free good.