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Share Prices
Finance Glossary
Terms Beginning With L
Luxury Good

Luxury Good

Definition of 'Luxury Good'

One which has an income elasticity larger than one.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

Related Terms

Cross Price Elasticity of Demand Diminishing Marginal Rate of Substitution Distortion Inferior Good Marginal Utility Nominal Good Perfectly Competitive Market Private Good Production Possibility Frontier Accumulation / Distribution Indicator Actual Settlement Date Accounting (ASDA)Adverse Selection Bona Fide Budget Share Comparative Advantage Credit Rating Demand Diminishing Marginal Utility Dividend Cover Equity Kicker / Sweetener

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