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normal goods

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  • Normal good — In economics, normal goods are any goods 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.[1][2] The term does not necessarily refer to… …   Wikipedia

  • Goods and Services Tax (Australia) — The GST (Goods and Services Tax) is a value added tax of 10% on most goods and services transactions in Australia.It was introduced by the Howard Government on 1 July 2000, replacing the previous Federal wholesale sales tax system and designed to …   Wikipedia

  • Normal Good — An economic term used to describe the quantity demanded for a particular good or service as a result of a change in the given level of income. A normal good is one that experiences an increase in demand as the real income of an individual or… …   Investment dictionary

  • Normal Spoilage — The deterioration of a firm s product line that is generally considered to be unavoidable and expected. Normal spoilage refers to the inherent worsening of products during the production or inventory processes of the sales cycle. Companies… …   Investment dictionary

  • Normal-form game — In game theory, normal form is a way of describing a game. Unlike extensive form, normal form representations are not graphical per se, but rather represent the game by way of a matrix. While this approach can be of greater use in identifying… …   Wikipedia

  • normal spoilage — Unavoidable waste, *scrap, and defective goods arising from manufacturing processes. Unlike *abnormal spoilage, normal *spoilage is considered to be inherent in a *production process. It is generally viewed as uncontrollable in the short run, as… …   Auditor's dictionary

  • goods —    Items held for sale as part of the normal operation of a business, such as a retail store …   Business law dictionary

  • Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • carriage of goods — ▪ law Introduction       in law, the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier.… …   Universalium

  • 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

  • Regulation of therapeutic goods — The regulation of therapeutic goods, that is drugs and therapeutic devices, varies by jurisdiction. In some countries, such as the United States, they are regulated at the national level by a single agency. In other jurisdictions they are… …   Wikipedia

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