- inferior goods
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Econ.commodities that are less in demand as consumer income rises. Cf. superior goods.
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Universalium. 2010.
inferior goods
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inferior goods — Econ. commodities that are less in demand as consumer income rises. Cf. superior goods … Useful english dictionary
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 — in|fe|ri|or1 [ınˈfıəriə US ˈfıriər] adj [Date: 1400 1500; : Latin; Origin: lower , from inferus below ] 1.) not good, or not as good as someone or something else ≠ ↑superior ▪ I felt very inferior among all those academics. ▪ wine of inferior… … Dictionary of contemporary English
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
Inferior — In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… … The Collaborative International Dictionary of English
Inferior court — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… … The Collaborative International Dictionary of English
Inferior figure — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… … The Collaborative International Dictionary of English
Inferior letter — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… … The Collaborative International Dictionary of English
Inferior tide — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… … The Collaborative International Dictionary of English
inferior — adjective 1》 lower in rank, status, or quality. ↘of low standard or quality. ↘Law (of a court or tribunal) susceptible to having its decisions overturned by a higher court. 2》 chiefly Anatomy low or lower in position. ↘Botany (of the… … English new terms dictionary
