Essentially, money-losing enterprises are unable to sell the inferior goods they produce, in the face of growing competition from foreign investors on home ground and from imported goods.
32.
They " are inferior goods and failed enterprises, representing received opinion, simplifying complicated views, marshaling an individualistic hall of fame, usually of great men in a fraternity ."
33.
Complicating the matter are the requirements for limited availability of substitutes, as well as that the consumers are not so poor that they can only afford the inferior good.
34.
In that case, X 1 would be called an inferior good i . e . demand for good X 1 decreases with a rise in income of the consumer.
35.
As with the auction scheme, when a victim places an order through such a site, their funds are taken but no goods are sent, or inferior goods are sent.
36.
Some texts on microeconomics use the term "'Superior good "'as the sole alternative to an " inferior good ", making " superior goods " and " normal goods " synonymous.
37.
If this will also raise sales for the company depends on how rich it's buyers were before and after and whether the company produces Inferior goods, normal goods, or superior goods.
38.
In some countries with less developed or poorly maintained railways, for example Serbia, this is reversed : trains are slower and cheaper than buses, so rail travel is an inferior good.
39.
Police officials say trademark counterfeiters hurt legitimate business, rob the city of tax dollars and lure consumers into buying inferior goods _ and, like illegal drug sales, can spur violent crime.
40.
If the income effect for an inferior good is sufficiently strong, the consumer will buy less of the good when it becomes less expensive, a Giffen good ( commonly believed to be a rarity ).
