| |
| | The nature of blood as an economic good |
 | | In essence then, “an economic good is a desirable thing of which there is not enough to satisfy the desires of those who want it” [1], and which can, by implication, be successfully rationed, usually by means of the price mechanism. |
 | | It is thus obvious that every economic good has some intrinsic price attached to it, even if the person who actually consumes it does not pay for it, as is the case with gifts (which are paid for by a donor) or publicly provided goods (whose costs are borne by the taxpayer). |
 | | While the range of economic goods is immense, covering everything from guns to butter, the number of real life items that do not, to some extent, display the characteristics of an economic good is minimal [2]. |
| www.geocities.com /humanoffal/section14 (1610 words) |
|