What is Inferior Good?

Name: What is Inferior Good?
Uploaded: 2025-06-19T12:40:30+00:00
Duration: 10 s
Channel: finsurlog
Description: An “inferior good” is a term used in economics to refer to a product that people tend to purchase less of as their income increases. Read more at: https://finsurlog.com/what-is-inferior-good/

finsurlog

1 year ago

An “inferior good” is a term used in economics to refer to a product that people tend to purchase less of as their income increases.

Read more at: https://finsurlog.com/what-is-inferior-good/