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单词 inferior good
释义

inferior good

English

Noun

inferior good (plural inferior goods)

  1. (economics) 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.

Antonyms

  • normal good

Hyponyms

  • Giffen good
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