An inferior good is a good whose quantity demanded decreases when consumer income rises (or quantity demanded rises when consumer income decreases). In economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises Necessity Goods are those goods for which demand increases proportionally less than income.
When is National Science Day observed?
Who wrote 'Mudrarakshasa'?
1. Recently Government of India introduced electoral bond scheme. Under this scheme, such electoral bonds will be issued only by:
...In November last year which country witnessed the highest growth in domestic air passenger traffic?
Which organization launched a joint initiative with IASST Guwahati for the commercialization of probiotics derived from traditional Northeast Indian foods?
Which countries share an international boundary with Assam?
Pinaka II -multiple rocket launched developed by which country?
"Paryushana" is a holy event observed by which community?
Who is the CEO of Axis Bank?
Which Article of our Constitution states that 'the Speaker shall have and exercise a casting vote in the case of an equality of votes"?