Necessity good
Necessity good
Products bought regardless of income.
Super rare
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Readers' pathsAug 2026 – Oct 2026
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Inferior good
Concept in economics.
33%
Normal good
Good that increases in demand when incomes rise.
27%
Basic needs
Aspect of poverty measurement.
23%
Luxury goods
Good for which demand increases more than what is proportional as income rises.
11%
Substitute good
Economics concept of goods considered interchangeable.
5.6%
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