normal good

Definition from Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

English Wikipedia has an article on:
Wikipedia

Noun[edit]

normal good (plural normal goods)

  1. (economics) a good for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.

Antonyms[edit]

Hyponyms[edit]