superior good

noun

A good that makes up a larger proportion of consumption as income rises, having income elasticity greater than one.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounsuperior good (plural superior goods)

plural superior goods

  1. economicsA good that makes up a larger proportion of consumption as income rises, having income elasticity greater than one.
Cite this entry
APA

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

MLA

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

Chicago

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

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