inferior goods
commodities that are less in demand as consumer income rises. Cf. superior goods.

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Universalium. 2010.

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  • inferior goods — Econ. commodities that are less in demand as consumer income rises. Cf. superior goods …   Useful english dictionary

  • Inferior good — Good Y is a normal good since the amount purchased increases from Y1 to Y2 as the budget constraint shifts from BC1 to the higher income BC2. Good X is an inferior good since the amount bought decreases from X1 to X2 as income increases. In… …   Wikipedia

  • inferior — in|fe|ri|or1 [ınˈfıəriə US ˈfıriər] adj [Date: 1400 1500; : Latin; Origin: lower , from inferus below ] 1.) not good, or not as good as someone or something else ≠ ↑superior ▪ I felt very inferior among all those academics. ▪ wine of inferior… …   Dictionary of contemporary English

  • Inferior Good — A type of good for which demand declines as the level of income or real GDP in the economy increases. This occurs when a good has more costly substitutes that see an increase in demand as the society s economy improves. An inferior good is the… …   Investment dictionary

  • Inferior — In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… …   The Collaborative International Dictionary of English

  • Inferior court — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… …   The Collaborative International Dictionary of English

  • Inferior figure — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… …   The Collaborative International Dictionary of English

  • Inferior letter — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… …   The Collaborative International Dictionary of English

  • Inferior tide — Inferior In*fe ri*or, a. [L., compar. of inferus that is below, underneath, the lower; akin to E. under: cf. F. inf[ e]rieur. See {Under}.] [1913 Webster] 1. Lower in place, rank, value, excellence, etc.; less important or valuable; subordinate;… …   The Collaborative International Dictionary of English

  • inferior — adjective 1》 lower in rank, status, or quality.     ↘of low standard or quality.     ↘Law (of a court or tribunal) susceptible to having its decisions overturned by a higher court. 2》 chiefly Anatomy low or lower in position.     ↘Botany (of the… …   English new terms dictionary

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