Meaning / Definition of
Luxury Good
Categories: Finance,
An economic good for which demand increases more than proportionally as income rises; contrast with inferior good and normal good.
Most popular terms
1. Money Market Mutual Fund2. Unit Investment Trust (UIT)
3. Likelihood Of Confusion
4. Budapest Stock Exchange (BSE)
5. Synthetic Investment
6. Competence
7. Pension Protection Act Of 2006
8. McDonough Ratio
9. Stop Order
10. Retired Directors Liability Policies
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