Topics
Free Goods
Free goods have a zero marginal cost of supply - they do not use use factors of production when extra units are supplied. An example might be solar energy in a country where annual hours of sunshine are high. Once a solar panel has been installed and connected to a grid, the marginal cost of renewable energy from solar power can be considered close to zero.
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Free Goods
Topic Videos
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Difference between Renewable Goods and Free Goods
Topic Videos
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Introduction to economics - Clear The Deck Key Term Knowledge Activity
Quizzes & Activities
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Energy economics: The long history of solar power
12th September 2019
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Renewable Energy (Revision Webinar)
Topic Videos
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Free lunch? What if electricity was free?
26th January 2018
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India transforms the roof solar power industry
7th December 2017