Complementary Good

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Definition: Complementary Good

Complementary Good
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Full Definition of Complementary Good

A product that is typically used in conjunction with another product, such that a change in the demand for one product results in a change in the demand for the other. Printers and toner cartridges are examples of complementary products, in that lower demand for printers will be associated with lower demand for toner cartridges.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/complementary-good/
Modern Language Association (MLA):
Complementary Good. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/complementary-good/.
Chicago Manual of Style (CMS):
Complementary Good. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/complementary-good/ (accessed: April 20, 2024).
American Psychological Association (APA):
Complementary Good. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/complementary-good/

Definition Sources

Definitions for Complementary Good are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.