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normal good
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normal good

Good for which demand rises as income rises. For example, a rise in incomes leads to a rise in demand for cars and CDs. Hence cars and CDs are normal goods. Normal goods have a positive income elasticity of demand (demand increases as incomes rise).
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Early on it was declared that software would be classified as "goods", but the difference between normal goods and software "goods" is that one only owns the media that the software is stored on and a license to the use of the software which is now covered under the Uniform Commercial Code.
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In this case, economic growth helps the environment if environmental amenities are normal goods.
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