superior goods
1superior goods — Econ. commodities that are more in demand as consumer income rises. Cf. inferior goods. * * * …
2superior goods — Econ. commodities that are more in demand as consumer income rises. Cf. inferior goods …
3Superior good — Superior goods make up a larger proportion of consumption as income rises, and as such are a type of normal goods in consumer theory. Such a good must possess two economic characteristics: it must be scarce, and, along with that, it must have a… …
4inferior goods — Econ. commodities that are less in demand as consumer income rises. Cf. superior goods. * * * …
5inferior goods — Econ. commodities that are less in demand as consumer income rises. Cf. superior goods …
6Positional Goods — Goods which act as a status symbols, signaling their owners high relative standing within society. Positional goods often exhibit superior quality and features. However, these goods derive most of their value from the level of reliability with… …
7Final goods — Consumer goods redirects here. For the band, see The Consumer Goods. In economics final goods are goods that are ultimately consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the… …
8respondeat superior — re·spon·de·at superior /ri spän dē ət / n [Medieval Latin, let the superior give answer]: a doctrine in tort law that makes a master liable for the wrong of a servant; specif: the doctrine making an employer or principal liable for the wrong of… …
9Piece goods — Piece Piece, n. [OE. pece, F. pi[ e]ce, LL. pecia, petia, petium, probably of Celtic origin; cf. W. peth a thing, a part, portion, a little, Armor. pez, Gael. & Ir. cuid part, share. Cf. {Petty}.] 1. A fragment or part of anything separated from… …
10Carriage of Goods by Sea Act — The Carriage of Goods by Sea Act (abbreviated COGSA ) is a United States statute governing the rights and responsibilities between shippers of cargo and ship operators regarding ocean shipments to and from the United States. It is the U.S.… …
