Inferior good  

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In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases),

Inferiority, in this sense, is an observable fact relating to affordability rather than a statement about the quality of the good. As a rule, these goods are affordable and adequately fulfill their purpose, but as more costly substitutes that offer more pleasure (or at least variety) become available, the use of the inferior goods diminishes.


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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Inferior good" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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