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

Normal Good

Definition of 'Normal Good'

One which has a positiv income elasticity of demand.

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Related Terms

Accelerated DepreciationNormal ProfitsCross Price Elasticity of DemandAdditional Voluntary ContributionsContangoDiminishing Marginal Rate of SubstitutionDistortionInferior GoodMarginal UtilityNominal GoodPerfectly Competitive MarketPrivate GoodProduction Possibility FrontierAccumulation / Distribution IndicatorActual Settlement Date Accounting (ASDA)Adverse SelectionBona FideBudget ShareComparative AdvantageCredit Rating

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