Composite good

Composite good

A fictional good that is used in economic analysis to stand in for a large number of goods, usually all other goods than the one that is the focus of attention.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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composite good

Economy; International economics

A fictional good that is used in economic analysis to stand in for a large number of goods, usually all other goods than the one that is the focus of attention.

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Valid; legally sufficient.

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Language; Dictionaries

That which possesses desirable qualities, promotes success, welfare, or happiness, is serviceable, fit, excellent, kind, benevolent, etc.; -- opposed to evil.

good

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To make good; to turn to good.

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Well, -- especially in the phrase as good, with a following as expressed or implied; equally well with as much advantage or as little harm as possible.

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