Normal good facts for kids
In economics, a normal good is a good whose consumption rises when the income increases. As an example, people who earn more money, might go to the cinema more often. Tickets for the cinema are therefore a normal good.
A good where the consumption decreases when the income increases is called inferior.
See also
In Spanish: Bien normal para niños
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:
Normal good Facts for Kids. Kiddle Encyclopedia.