Luxury good: Difference between revisions
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''Economics''. | ''Economics - elasticity''. | ||
A good with an income elasticity of demand greater than one. | A good with an income elasticity of demand greater than one. | ||
Contrasted with a necessity. | (Contrasted with a necessity.) | ||
== See also == | == See also == | ||
* [[Elasticity]] | |||
* [[Income elasticity of demand]] | * [[Income elasticity of demand]] | ||
* [[Inferior good]] | |||
* [[Necessity]] | * [[Necessity]] | ||
* [[Normal good]] | * [[Normal good]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 09:24, 8 April 2021
Economics - elasticity.
A good with an income elasticity of demand greater than one.
(Contrasted with a necessity.)
