Contextualizebeta

normal good

noun

Definitions

  1. a good for which demand increases when income increases and falls when income decreases…

    a good for which demand increases when income increases and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.

The neighborhood

Vish — recursive loop

No curated loop yet for normal good. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA