Table of Contents
35 relations: Air travel, Alfred Marshall, Antique, Bangladesh, Beer, Bologna sausage, Bus, Canning, Closeout (sale), Consumer choice, Demand curve, Economics, Ersatz good, French fries, Frozen meal, Giffen good, Great Famine (Ireland), Greg Mankiw, Hamburger, Indifference curve, Instant noodles, International Potato Center, Kuznets curve, Law of demand, Normal good, Payday loan, Pizza, Potato, Price elasticity of demand, Rail transport, Rent-to-own, Robert Giffen, Substitute good, Substitution effect, Supply and demand.
Air travel
Air travel is a form of travel in vehicles such as airplanes, jet aircraft, helicopters, hot air balloons, blimps, gliders, hang gliders, parachutes, or anything else that can sustain flight.
See Inferior good and Air travel
Alfred Marshall
Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist, and was one of the most influential economists of his time.
See Inferior good and Alfred Marshall
Antique
An antique is an item perceived as having value because of its aesthetic or historical significance, and often defined as at least 100 years old (or some other limit), although the term is often used loosely to describe any object that is old.
Bangladesh
Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia.
See Inferior good and Bangladesh
Beer
Beer is an alcoholic beverage produced by the brewing and fermentation of starches from cereal grains—most commonly malted barley, although wheat, maize (corn), rice, and oats are also used.
Bologna sausage
Bologna sausage, informally baloney, is a sausage derived from the Italian mortadella, a similar-looking, finely ground pork sausage, named after the city of Bologna.
See Inferior good and Bologna sausage
Bus
A bus (contracted from omnibus, with variants multibus, motorbus, autobus, etc.) is a road vehicle that carries significantly more passengers than an average car or van, but less than the average rail transport.
Canning
Canning is a method of food preservation in which food is processed and sealed in an airtight container (jars like Mason jars, and steel and tin cans).
Closeout (sale)
A closeout or clearance sale (closing down sale in the United Kingdom) is a discount sale of inventory either by retail or wholesale.
See Inferior good and Closeout (sale)
Consumer choice
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.
See Inferior good and Consumer choice
Demand curve
A demand curve is a graph depicting the inverse demand function, a relationship between the price of a certain commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis).
See Inferior good and Demand curve
Economics
Economics is a social science that studies the production, distribution, and consumption of goods and services.
See Inferior good and Economics
Ersatz good
An ersatz good is a substitute good, especially one that is considered inferior to the good it replaces. Inferior good and ersatz good are goods (economics).
See Inferior good and Ersatz good
French fries
French fries (North American English & British English), and chips (British and other national varieties), finger chips (Indian English), french-fried potatoes, or simply fries are batonnet or allumette-cut deep-fried potatoes of disputed origin from Belgium or France.
See Inferior good and French fries
Frozen meal
A frozen meal (also called TV dinner in Canada and US), prepackaged meal, ready-made meal, ready meal (UK), frozen dinner, and microwave meal is ultra-processed food portioned for an individual.
See Inferior good and Frozen meal
Giffen good
In microeconomics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa, violating the law of demand. Inferior good and Giffen good are goods (economics).
See Inferior good and Giffen good
Great Famine (Ireland)
The Great Famine, also known as the Great Hunger (an Gorta Mór), the Famine and the Irish Potato Famine, was a period of starvation and disease in Ireland lasting from 1845 to 1852 that constituted a historical social crisis and subsequently had a major impact on Irish society and history as a whole.
See Inferior good and Great Famine (Ireland)
Greg Mankiw
Nicholas Gregory Mankiw (born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University.
See Inferior good and Greg Mankiw
Hamburger
A hamburger, or simply a burger, is a dish consisting of fillings—usually a patty of ground meat, typically beef—placed inside a sliced bun or bread roll.
See Inferior good and Hamburger
Indifference curve
In economics, an indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent.
See Inferior good and Indifference curve
Instant noodles
Instant noodles, or instant ramen, is a type of food consisting of noodles sold in a precooked and dried block with flavoring powder and/or seasoning oil.
See Inferior good and Instant noodles
International Potato Center
The International Potato Center (known as CIP from its Spanish-language name Centro Internacional de la Papa) is a research facility based in Lima, Peru, that seeks to reduce poverty and achieve food security on a sustained basis in developing countries through scientific research and related activities on potato, sweet potato, other root and tuber crops, and on the improved management of natural resources in the Andes and other mountain areas.
See Inferior good and International Potato Center
Kuznets curve
The Kuznets curve expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s.
See Inferior good and Kuznets curve
Law of demand
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded.
See Inferior good and Law of demand
Normal good
In economics, a normal good is a type of a good which experiences an increase in demand due to an increase in income, unlike inferior goods, for which the opposite is observed. Inferior good and normal good are goods (economics).
See Inferior good and Normal good
Payday loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates.
See Inferior good and Payday loan
Pizza
Pizza is an Italian dish typically consisting of a flat base of leavened wheat-based dough topped with tomato, cheese, and other ingredients, baked at a high temperature, traditionally in a wood-fired oven.
Potato
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world.
Price elasticity of demand
A good's price elasticity of demand (E_d, PED) is a measure of how sensitive the quantity demanded is to its price.
See Inferior good and Price elasticity of demand
Rail transport
Rail transport (also known as train transport) is a means of transport using wheeled vehicles running in tracks, which usually consist of two parallel steel rails.
See Inferior good and Rail transport
Rent-to-own
Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement.
See Inferior good and Rent-to-own
Robert Giffen
Sir Robert Giffen (22 July 1837 – 12 April 1910) was a Scottish statistician and economist.
See Inferior good and Robert Giffen
Substitute good
In microeconomics, substitute goods are two goods that can be used for the same purpose by consumers. Inferior good and substitute good are goods (economics).
See Inferior good and Substitute good
Substitution effect
In economics and particularly in consumer choice theory, the substitution effect is one component of the effect of a change in the price of a good upon the amount of that good demanded by a consumer, the other being the income effect.
See Inferior good and Substitution effect
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market.
See Inferior good and Supply and demand
References
Also known as Down-market, Downmarket, Inferior goods, Low End, Low-end market.