Inferior good and Pari passu: Difference between pages

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''Economics - elasticity''.
Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.
A product for which quantity demanded decreases as income increases.




== See also ==
== See also ==
* [[Elasticity]]
* [[Negative pledge]]
* [[Income elasticity of demand]]
* [[Pari passu clause]]
* [[Luxury good]]
* [[Necessity]]
* [[Normal good]]
 
[[Category:The_business_context]]

Revision as of 14:38, 25 January 2014

Latin term meaning ‘equal in all respects’ and would indicate, for example, that one class of obligation will have the same rights and privileges as another class of obligation.


See also