Guid (economics)

In economics, a guid is a material that satisfies human wants[1] an provides utility, for example, tae a consumer makin a purchase.

Types of goods in economics.


  1. Quotation from Murray Milgate, [1987] 2008, "goods and commodities, " The New Palgrave Dictionary of Economics, 2nd ed., preview link, in referencing an influential parallel definition of 'goods' by Alfred Marshall, 1891. Principles of Economics, 2nd ed., Macmillan.