Luxury good: Difference between revisions
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imported>Doug Williamson m (Spacing 22/8/13) |
imported>Doug Williamson (Add links.) |
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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. | |||
== See also == | == See also == | ||
* [[Income elasticity of demand]] | |||
* [[Necessity]] | * [[Necessity]] | ||
* [[Normal good]] | |||
* [[Inferior good]] | |||
Revision as of 13:33, 5 May 2016
Economics.
A good with an income elasticity of demand greater than one.
Contrasted with a necessity.
