superior good
superior good · superior goods
A good that makes up a larger proportion of consumption as income rises, having income…A good that makes up a larger proportion of consumption as income rises, having income elasticity greater than one.
Meaning
1 sensesA good that makes up a larger proportion of consumption as income rises, having income elasticity greater than one.
Forms
plural: superior goods| Singular | superior good |
|---|---|
| Plural | superior goods |
regular
Word family
1 related wordsRelatedluxury good