inferior good

noun

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.”

Opposite
normal good
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Meanings

nouninferior good (plural inferior goods)

plural inferior goods

  1. economicsA 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.

Synonyms & antonyms

Opposite
normal good
Cite this entry
APA

inferior good. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/inferior%20good

MLA

“inferior good.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/inferior%20good. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “inferior good,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/inferior%20good.

Source: inferior good on Wiktionary, CC BY-SA 4.0.