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inferior good

   Also found in: Wikipedia 0.01 sec.

inferior good

Good which falls in demand as the income of consumers rises. This means that it has a negative income elasticity of demand. A good is most likely to be inferior if has a near substitute of higher quality.
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As part of the free market, businessmen are bringing inferior goods into Kurdistan, says Kurdistan Region's Minister of Trade.
Officials: Misunderstanding of free market in Kurdistan by The Kurdish Globe (Erbil, Iraq)
In the coffee trade, the issue of consequence right now is if Robustas, which continue to be accepted as inferior goods in many specialty coffee applications, have a legitimate place in specialty espresso beverages.
The changing art of espresso blending: in the halls where specialty ... by Schoenholt, Donald N. / Tea & Coffee Trade Journal
Buy Boxed Sets I''m typically opposed to box sets when it comes to electronics as there have been many instances in the past where these were merely a method of pawning off inferior goods on an unsuspecting public.
Surround Sound Budget Friendly Surround Sound by Nicholas Tan / Home improvement and landscaping community
 
 
 
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