Inferior Goods

Knowledge Center

12manage is looking for students!





Description of Inferior Goods. Explanation.

 

Definition Inferior Goods. Description.


Inferior Goods are goods or services for which an increase in income results in a fall in the amount bought e.g. bread, canned vegetables, and bus transportation. These products will have a negative income elasticity of demand. A positive increase in income leads to a negative change in demand.


An inferior good decreases in demand when the consumer's income rises, unlike Normal Goods, for which the opposite is observed. Inferiority, in this sense, is an observable fact rather than a statement about the quality of the good.


Special Interest Group - Inferior Goods


Special Interest Group (1 members)


Forum - Inferior Goods  

Here you will find interesting and educational discussions.


  Are Online News Sites Inferior Goods?
Chyi and Yang (2009) did research among US citizens to inves...
 
 
 
 
  What is Giffin's Paradox? (1 reactions)
Within managerial economics, what's the meaning of Giffin's ...
 
 
 
 

Best Practices - Inferior Goods

Here you will find the most valuable ideas.



Expert Tips - Inferior Goods

Here you will find high-quality advice from experts.



Resources - Inferior Goods

Here you will find powerpoint presentations, micro-learning videos and further information sources.


 

News about Inferior Goods


     
 

Videos about Inferior Goods


     
 

Presentations about Inferior Goods


     
 

Books about Inferior Goods


     
 

More about Inferior Goods


     

Compare also: Activity Based Costing

Special Interest Group Leader

You here? Sign up for free


 
 

Return to Management Hub: Finance & Investing  |  Marketing


More on Management  |  Return to Management Dictionary  | 

 

This ends our Inferior Goods summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.1 - Last updated: 18-9-2019. All names of their owners.