normal good

normal good definition - business

normal good

A product for which demand is directly related to income. Most durable goods are considered normal goods, in that sales increase during periods of increased economic activity and decline during recessions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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