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inferior goods

American  

plural noun

Economics.
  1. commodities that are less in demand as consumer income rises.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Giffen Goods are not superior goods at all, they are inferior goods.

From Forbes • Nov. 23, 2014

Unprized Packaging Sir: Recessional Sir: How can anyone call this a depression when the consumer is paying inflation prices for inferior goods and services?

From Time Magazine Archive

The program proclaims that inefficient workers and factories will not be rewarded and that the consumer must be protected against high prices and inferior goods caused by "the monopoly position" of state enterprises.

From Time Magazine Archive

The Soviet legal code outlaws a whole range of economic activities, such as conducting a private business, acquiring foreign currency, and delivering inferior goods for sale on the Soviet market.

From Time Magazine Archive

The manufacturer who sees only a government order between himself and failure, and who is willing to do anything to keep his operatives employed, is asked to supply inferior goods at a low price.

From The Continental Monthly, Vol. 1, No. 3, March, 1862 by Various