Search

What is another word for inferior good?

Pronunciation: [ɪnfˈi͡əɹɪə ɡˈʊd] (IPA)

Synonyms for the term "inferior good" refer to a category of commodities used to describe a particular economic concept. One synonym for "inferior good" is "low-quality product", which denotes items that are regarded as less valuable or of inferior standards compared to other goods. Another synonym is "poor-quality good", highlighting the low standard or lack of quality associated with such items. Additionally, the term "substandard good" is another synonymous phrase as it signifies goods that fail to meet the desired quality or performance expectations. These synonyms assist in illustrating the concept of "inferior goods" and effectively convey the concept of goods that are considered less desirable in economic terms.
Opposite words
Antonyms
Search

What are the opposite words for inferior good?

An inferior good is a type of product or service that people tend to buy less of as their income increases. The antonyms of inferior goods are normal goods and luxury goods. Normal goods are the type of goods whose demand increases when people's income increases. These goods are generally seen as necessities or essential elements of living standards. Examples of normal goods include food, housing, and basic clothing. Luxury goods, on the other hand, are items that people tend to buy more of as their income increases. These goods are considered discretionary items, and their consumption is typically associated with a higher standard of living. Examples of luxury goods include designer clothes, high-end electronics, and expensive jewelry.

What are the antonyms for Inferior good?

  • Other relevant words:

    • Other relevant words (noun):

Word of the Day

Middle Class Populations
The antonyms for the term "Middle Class Populations" are "extreme poverty populations" and "wealthy high-class populations." Extreme poverty populations refer to people who suffer ...