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(for inferior goods)

См. также в других словарях:

  • 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

  • Final goods — Consumer goods redirects here. For the band, see The Consumer Goods. In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the… …   Wikipedia

  • Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is …   Wikipedia

  • Engel curve — In economics, an Engel curve shows how the quantity demanded of a good or service changes as the consumer s income level changes. It is named after the 19th century German statistician Ernst Engel.Graphically, the Engel curve is represented in… …   Wikipedia

  • gyp joint — noun Etymology: gyp (II) 1. : a crooked gambling establishment 2. : an establishment (as a store, restaurant, or bar) that cheats customers by charging excessive prices for shoddy goods or inferior service * * * Informal. 1. any business… …   Useful english dictionary

  • Antisemitism in Norway — While parallel to such bigotry elsewhere in Western Europe in Norway, antisemitism in Norway has had a distinct history, reaching its apex during the Holocaust in Norway and with continued relevance in the public debate about the Arab Israeli… …   Wikipedia

  • Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …   Wikipedia

  • Origins of the American Civil War — For events following South Carolina s declaration of secession from the Union, see Battle of Fort Sumter and American Civil War. The Battle of Fort Sumter was the first stage in a conflict that had been brewing for decades. The main explanation… …   Wikipedia

  • Common good (economics) — For the philosophical term, see common good. For other uses, see Common Good (disambiguation). Common goods are defined in economics as goods which are rivalrous and non excludable. Thus, they constitute one of the four main types of the most… …   Wikipedia

  • Jedediah Smith — For the United States Representative from New Hampshire, see Jedediah K. Smith. Jedediah Smith Jedediah Smith Born January 6, 1799 (1799 01 0 …   Wikipedia

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