What does Inferior Good mean?
A good whose demand decreases when consumer income rises.
As incomes rise, the demand for an inferior good typically decreases.
Inferior Good in German, French, Spanish and Italian
GermanInferiores Gut
Produkte, die bei steigendem Einkommen durch bessere ersetzt werden (z.B. Billigmarken).
FrenchBien inférieur
Bien dont la consommation baisse quand le revenu augmente.
SpanishBien inferior
Bien cuya demanda cae al aumentar la renta de los consumidores.
ItalianBene inferiore
Bene la cui domanda diminuisce all'aumentare del reddito.
Common phrases with Inferior Good
- demand decreases inferior good
- income rises inferior good
- consumer inferior good