normal good | engleski leksikon

1. normal good

imenica

Good for which demand rises as income rises. For example, a rise in incomes leads to a rise in demand for automobiles and CDs. Hence automobiles and CDs are normal goods. Normal goods have a positive income elasticity of demand (demand increases as incomes rise).

Naši partneri

Škole stranih jezika | Sudski tumači/prevodioci