inferior good
inferior good
Glossary micro and macro economics
The following text is used only for educational use and informative purpose following the fair use principles.
We thank the authors of the texts that give us the opportunity to share their knowledge
Economics
Definition of inferior good
inferior good : a goods/service the consumption of which declines as income rises (and vice versa), with price remaining constant.
Source: http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20Micro&Macroeconomics.doc
Web site link: http://college.vatc.edu.vn/
Author : not indicated on the source document of the above text
Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of inferior good
Meaning of inferior good
This is the right place where find the answers to your questions like :
Who ? What ? When ? Where ? Why ? Which ? How ? What does inferior good mean ? Which is the meaning of inferior good ?
What does inferior good mean ?
Alanpedia.com from 1998 year by year new sites and innovations
Main page - Disclaimer - Contact us