An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer. Description: For example, there ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Soon into a recession, when the media is filled with bad news, the good-news people have their say. Lots of things get popular in a recession is the message. Cheer up! In bad times inferior goods do ...