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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With N
  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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