Deficient good

in #need7 years ago

Any not sufficiently ample good is a deficient good. When the goods are deficient, the need of them is bigger than their quantity. If need precedes the acquisition of a good, then the last is not yet multiplied enough to cover completely the extent of the first. Deficiency of the goods is explicit in the particular goods as they are forced out of the infinite internal process of diminishing need in the presence of what is not met in the insatiable need. The deficient goods are the prerequisition for any economic process and respectively for the existence of any economic goods.

Historical Backdrop
• FRIEDRICH VON HERMANN Investigations in Political Economy: economic good.
• CARL MENGER Principles of Economics: economic good.
• FRIEDRICH WIESER Natural Value: economic good.
• ALFRED MARSHALL Principles of Economics: economic good.

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