Non-economic

The property of a process having no economic importance or implication, a closed loop in which there are net zero inflows and outflows of good or services.

See ficticious commodity and artificial scarcity.

References

1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
2. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.