Inferior Goods

Knowledge Center

12manage is looking for students / contributors...


Description of Inferior Goods. Explanation.


  1. Summary
  2. Forum
  3. Best Practices
  4. Expert Tips
  5. Resources
  6. Print

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.

Inferior Goods Forum
  Online Newspapers as Inferior Goods
Chyi and Yang (2009) did research among US citizen...
  What is Giffin's Paradox?
Within managerial economics, what's the meaning of...

Inferior Goods Special Interest Group

Special Interest Group


Best Practices - Inferior Goods Premium

Expert Tips - Inferior Goods Premium

Resources - Inferior Goods Premium

News about Inferior GoodsSign up


Videos about Inferior GoodsSign up


Presentations about Inferior GoodsSign up


Books about Inferior GoodsSign up


More about Inferior GoodsSign up


Compare also: Activity Based Costing

Special Interest Group Leader

You here


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
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 17-8-2018. All names of their owners.