inferior goods

A form of inferior good — A good that decreases in demand when consumer income rises; having a negative income elasticity of demand.

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Meanings

noun
  1. pluralplural of inferior good
Cite this entry
APA

inferior goods. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/inferior%20goods

MLA

“inferior goods.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/inferior%20goods. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “inferior goods,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/inferior%20goods.

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