inferior good

noun

Definition of inferior good

: a commodity the consumption of which decreases as its price declines or as the income of consumers rises because of the increased income available to buy preferred though more expensive commodities

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Dictionary Entries Near inferior good

inferior conjunction

inferior good

inferiority complex

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Cite this Entry

“Inferior good.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inferior%20good. Accessed 19 Sep. 2021.

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More from Merriam-Webster on inferior good

Nglish: Translation of inferior good for Spanish Speakers

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