单词 | normal good |
释义 | normal goodDefinition Good for which demand (consumption) increases as consumer income rises, but at a rate slower than the rate of increase in income. Defined also as a good for which the income elasticity of demand is positive but less than one. Also called necessary good, it is the opposite of inferior good. Use 'normal good' in a SentenceSometimes the demand for a normal good will increase at such a rapid rate you will have to expand your production efforts. The people's income was getting higher and the economy was doing great, so that created a market for what was called a normal good. The report indicated that the normal good consumption was reflective of the overall state of the economy in that region. |
随便看 |
|
英汉经管词典收录了27404条经济管理类英汉双解词条,基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法,是学习及工作的有利工具。