inferior good
inferior good noun: a good that decreases in demand when consumer income rises; having a negative income elasticity of demand.
Noun
inferior good (plural inferior goods)
- A good that decreases in demand when consumer income rises; having a negative income elasticity of demand.
- Cheap, low-quality goods (such as canned food) are inferior goods for many people. The more money they have, the less they purchase those goods.
inferior good meaning in Tamil
inferior good in Tamil
- ஏழ்மை நுகர் பொருள்
Antonyms of inferior good
Forms of inferior good
| plural | inferior goods |
|---|
Questions about inferior good
- What does inferior good mean?
- Inferior good means a good that decreases in demand when consumer income rises; having a negative income elasticity of demand.
- What is inferior good in Tamil?
- Inferior good in Tamil is ஏழ்மை நுகர் பொருள். See Inferior good meaning in Tamil.
- What part of speech is inferior good?
- Inferior good is a noun.
- What is the plural of inferior good?
- The plural of inferior good is inferior goods.
Words near inferior good in the dictionary
Source and license
Adapted from Wiktionary: inferior good (page history and authors); inferior good (Tamil Wiktionary) (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “inferior good.” Word.ws, https://word.ws/inferior_good. Based on Wiktionary, CC BY-SA 4.0.
