An interesting article from the BBC
http://news.bbc.co.uk/1/hi/business/7591970.stm
a) Explain what is meant by an inferior good
b) What evidence is there in the article that charity shops are inferior goods?
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Posts
Topics
- Absence of private property rights
- Actions to correct market failure
- Ageing population
- Aggregate demand
- Aggregate supply macroeconomic equilibrium
- Aggregate supply.
- Allocative efficiency
- Assumptions in economics
- audio
- australian economy data
- Automation
- Balance of Payments
- Bank of England
- Barriers to Entry
- barriers to trade
- Basic Income; Inequality
- Behavioural Economics
- benefits
- Brexit
- Budget deficit
- budget surplus
- Business cycle
- Capitalism
- carbon tax
- Cartel
- Central bank
- Centrally planned economies
- Circular flow of income
- Coal
- Collusion
- comparative advantage
- competition
- Competition and Markets Authority
- Competition Authorities
- Competition Policy
- concentration ratio
- consumer confidence
- consumer surplus
- Consumption
- contestable markets
- CORVID19
- Cost Benefit Analysis
- costs
- creative destruction
- Crowding out
- Currency controls
- Currency peg
- Current account
- Customs Union
- d
- Deflation
- Demand
- derived demand
- Development
- Diagrams
- direct taxation
- discrimination
- Dumping
- Dynamic Efficiency
- Dynamic pricing
- Easterlin paradox
- Economic cycle
- Economic goods
- Economic growth
- Economic Integration
- Economic problem
- Economic schools of thought
- Economic stability
- Economic systems
- economically inactive
- Economies of scale
- Edexcel link
- Efficiency
- Elasticity
- Embargo
- Employment/Unemployment
- Euro
- Euro carry trade
- European Union
- Evaluation
- Exam technique
- Exchange rates
- exports
- Externalities
- F581
- F582
- Factors of production
- Famous Economists
- FDI
- Financial Economics
- Financial Regulation
- Financial System
- Fiscal drag
- Fiscal policy
- Foreign direct investment
- Free goods
- Free Market
- Free trade
- Game theory
- GDP
- gini coeficient
- Globalisation
- Glossary
- GNP
- Government Budget
- Government Expenditure
- government failure
- Government intervention
- Government provision
- Gross National Happiness
- happiness
- Hayek
- HDI
- Herding behaviour
- Horizontal integration
- Housing
- Human capital
- human development index
- Hysteresis
- imports
- Income distribution
- Income Equality
- Income inequality
- Income redistribution
- index numbers
- indirect taxation
- Inequality
- Inferior/normal goods
- Inflation
- Information failure
- Integration
- interest rates
- international competitiveness
- International trade
- Introductory ideas
- Investment
- Invisible hand
- Irrational behaviour
- J curve
- Key Terms
- Key terms glossary
- keynes
- labour economics
- labour market issues
- Laffer curve
- leg
- legislation
- liquidity trap
- living wage
- lorenz curve
- Macroeconomic data
- Macroeconomic equilibrium
- Macroeconomic objectives
- macroeconomic policy constraints
- macroeconomic quiz
- macroeconomics
- market concentration
- Market dominance
- Market Failure
- market share
- Market structure
- Markets
- Maximum pricing
- Mergers
- Merit/Demerit goods
- microeconomics diagrams
- microeconomics examples
- microeconomics quiz
- migration
- Millennium Goals
- minimum pricing
- minimum wage
- mobility of labour
- Modern Monetary Theory
- Monetary policy
- Money
- Money Supply
- monopolistic competition
- Monopoly
- Monopsony
- MRP
- multiple choice tests
- Multiplier effect
- Nash equilibrium
- National Debt
- Nationalisation
- Natural Monopoly
- Natural Rate of Unemployment
- Negative interest rates
- non-tarrif barriers
- normal and abnormal profit
- Obesity
- Oligopoly
- on-line lessons
- Opportunity cost
- Output gap
- Pareto efficiency
- Perfect competition
- Phillips curve
- polluter pays principle
- population
- Potential output
- Poverty
- Price and equilibrium
- price discrimination
- price index
- Prices
- Prisoner's dilema
- Privatisation
- producer surplus
- Production possibility curve
- production possibility frontier
- Productive efficiency
- Productivity
- profit
- profit maximisation
- profit satisficing
- Progression
- protectionism
- Public Goods
- Purchasing Power Parity
- Quantitative easing
- quantitative methods
- Quantity theory of Money
- Quiz
- Quota
- real wages
- Recession
- Regulation
- Regulation; video
- regulatory capture
- remittances
- renewables
- rent controls
- revenue
- Revision
- Savings
- savings ratio
- Scarcity
- scoop it
- Sectors of the economy
- shrinkflation
- single currency
- Single market
- social welfare
- Socialism
- specialisation division of labour
- stagflation
- standard of living
- stock market
- Subsidies
- subsidy
- Substitutes/complements
- sugar tax
- Supply
- Supply side policies
- sustainability
- Takeover
- Tariffs
- Taxation
- terms of trade
- Theory of the firm
- Tradable permits
- Trade deals
- trade deficit
- trade surplus
- Trade Unions
- trade war
- trade-off
- Tragedy of the commons
- Transmission mechanism
- TTIP
- UK economy
- Unemployment
- Universal Basic Income
- Veblen good
- vide
- Video
- volatile prices
- wage determination
- Wage discrimination
- wages
- Wealth
- wellbeing
- WTO
Blog Archive
-
▼
2008
(337)
-
▼
September
(19)
- Unit 1: How good are government actions to overcom...
- Unit 1: Actions to overcome information failure: C...
- Unit 2: Interest rates: Should they rise or fall?
- Unit 1: Price Elasticity of Demand and football fans
- Unit 2 Changes in the types of output in the GDP
- Unit 1: Demand for Microsoft's Xbox
- Unit 2: Rising unemployment in the UK
- Unit 2: Pros and cons of inflation
- Unit 2: Inflation rises to 4.7% so why doesn't the...
- Unit 2: Government Expenditure in the UK
- Unit 2: Economic growth and standard of living
- Unit 1: The Economic Problem; a summary
- Unit 2: The effect of changing interest rates on t...
- Unit 2: The dilemma in setting interest rates (mon...
- Unit 1: Falling disposable incomes and the effect ...
- Unit 1: The demand for organic food
- Unit 1: Charity shops - an example of inferior goods?
- Unit 1: Information failure: Perfume in pregnancy
- Unit 1: Negative externalities associated with bin...
-
▼
September
(19)
About Me
- Blogger Bryn
- I'm 54 years old and teach Economics at Long Road Sixth Form College in Cambridge and have done so for far too long!
No comments:
Post a Comment