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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here. 

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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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  5. Nominal Good

Nominal Good

Definition of 'Nominal Good'

A good for which demand increases when incomes rise.

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Related Terms

Cross Price Elasticity of DemandInflation IllusionNominal GNPDiminishing Marginal Rate of SubstitutionDistortionInferior GoodMarginal UtilityPerfectly Competitive MarketPrivate GoodProduction Possibility FrontierConversion RatioCouponFiscal DragFlight From MoneyGeneral InflationGNP DeflatorInflation-Adjusted BudgetInternational (or Open) Fisher TheoryMoney IllusionNominal Value

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