Inferior Goods

Knowledge Center





Summary, forum, best practices, expert tips and resources.

 

What are Inferior Goods? Meaning.


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 Special Interest Group


Special Interest Group (1 members)


Forum about Inferior Goods  

Discussions about Inferior Goods.


🔥 NEW Are Online News Sites Inferior Goods?
Chyi and Yang (2009) did research among US citizens to investigate the economic nature of online newspapers. Although it (...)
 
 
 
 
What is Giffin's Paradox?
Within managerial economics, what's the meaning of Giffin's paradox? (...)
 
 
 
 

Best Practices about Inferior Goods

Here you find the most valuable discussions from the past.



Expert Tips about Inferior Goods

Here you will find advices by experts.



Information Sources about Inferior Goods

Here you will find powerpoints, videos, news, etc.



Compare also: Activity Based Costing

Special Interest Group Leader

Are you an expert in this field? 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
2020 12manage - The Executive Fast Track. V15.5 - Last updated: 6-7-2020. All names of their owners.