- inferior good
- merchandise that in low demand when income rises
English contemporary dictionary. 2014.
inferior good
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Inferior good — Good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases. In… … Wikipedia
Inferior Good — A type of good for which demand declines as the level of income or real GDP in the economy increases. This occurs when a good has more costly substitutes that see an increase in demand as the society s economy improves. An inferior good is the… … Investment dictionary
inferior good — noun : a commodity the consumption of which decreases as its price declines or as the income of consumers rises because of the increased income available to buy preferred though more expensive commodities … Useful english dictionary
Good (economics) — Types of goods in economics. In economics, a good is something that is intended to satisfy some wants or needs of a consumer and thus has economic utility. It is normally used in the plural form goods to denote tangible commodities such as… … Wikipedia
inferior — is not a true comparative (like lower, for example) and is followed by to, not than: • When we are together there s no competition; neither of us feels better than or inferior to the other J. Dawson, 1990. When used attributively (before a noun) … Modern English usage
inferior — [adj1] less in rank, importance back seat*, bottom, bottom rung*, entry level, junior, less, lesser, lower, menial, minor, minus, nether, peon, second, secondary, second banana*, second fiddle*, second string*, smaller, subjacent, subordinate,… … New thesaurus
inferior — I UK [ɪnˈfɪərɪə(r)] / US [ɪnˈfɪrɪər] adjective * 1) not as good as someone or something else It produces photographs of inferior quality. inferior to: This design is inferior to the one the German company proposed. an inferior student a) if… … English dictionary
inferior — in|fe|ri|or1 [ ın fıriər ] adjective * 1. ) not as good as something else: It produces photographs of inferior quality. inferior to: This design is inferior to the one the German company proposed. a ) if something is inferior, its quality is not… … Usage of the words and phrases in modern English
inferior — in|fe|ri|or1 [ınˈfıəriə US ˈfıriər] adj [Date: 1400 1500; : Latin; Origin: lower , from inferus below ] 1.) not good, or not as good as someone or something else ≠ ↑superior ▪ I felt very inferior among all those academics. ▪ wine of inferior… … Dictionary of contemporary English
inferior — 1 adjective 1 not good, or less good in quality, value, or skill than someone or something else: I felt very inferior among all those academics. | Pay less, and you get an inferior product. (+ to): This machine is technically inferior to Western… … Longman dictionary of contemporary English
