In economics, natural sunlight is regarded as a free good. Why is this the case?
- ASunlight is a gift of nature.
- BSunlight is a renewable resource.
- CThere is no opportunity cost of using sunlight.
- DUnlimited amounts of sunlight can be consumed.
Economics 2281 · O Level · The nature of the economic problem
In economics, natural sunlight is regarded as a free good. Why is this the case?