Necessity

From ACT Wiki

Revision as of 13:34, 5 May 2016 by imported>Doug Williamson (Expand and add links.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Jump to navigation Jump to search

Economics.

A good with an income elasticity of demand less than one.

(Contrasted with a luxury good.)

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Necessity&oldid=33894’

Navigation menu