Inferior Good

Business, Legal & Accounting Glossary

Definition: Inferior Good


Quick Summary of Inferior Good


An inferior good is a good whose demand declines as incomes increase.




Cite Term


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.

Page URL
https://payrollheaven.com/define/inferior-good/
Modern Language Association (MLA):
Inferior Good. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 28, 2021 https://payrollheaven.com/define/inferior-good/.
Chicago Manual of Style (CMS):
Inferior Good. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/inferior-good/ (accessed: September 28, 2021).
American Psychological Association (APA):
Inferior Good. PayrollHeaven.com. Retrieved September 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/inferior-good/

Definition Sources


Definitions for Inferior 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: 6th August, 2021 | 0 Views.