Giffen good - определение. Что такое Giffen good
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Что (кто) такое Giffen good - определение


Giffen good         
  • Indifference map with two budget lines (red) depending on the price of Giffen good ''x''
  • Types of goods in economics
PRODUCT THAT PEOPLE CONSUME MORE OF AS THE PRICE RISES
Giffen goods; Giffen paradox; Giffin good; Giffengood; Giffin Good; Giffen Good; Giffen's paradox; Giffen Goods; Giffin goods; Giffen behaviour; Giffen behavior
In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the basic law of demand in microeconomics. For any other sort of good, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods; for most goods, the income effect (due to the effective decline in available income due to more being spent on existing units of this good) reinforces this decline in demand for the good.
Good Thing         
WIKIMEDIA DISAMBIGUATION PAGE
The Good Thing; Good thing; Good Thing (disambiguation); Good Things; The Good Things; Good Things (album); Good Thing (song); Good Thing (album); A Good Thing
<convention> (From the 1930 Sellar and Yeatman parody "1066 And All That") Often capitalised; always pronounced as if capitalised. 1. Self-evidently wonderful to anyone in a position to notice: "The Trailblazer's 19.2 Kbaud PEP mode with on-the-fly Lempel-Ziv compression is a Good Thing for sites relaying netnews". 2. Something that can't possibly have any ill side-effects and may save considerable grief later: "Removing the self-modifying code from that shared library would be a Good Thing". 3. When said of software tools or libraries, as in "Yacc is a Good Thing", specifically connotes that the thing has drastically reduced a programmer's work load. Opposite: Bad Thing, compare big win. [Jargon File] (1995-05-07)
good morning         
WIKIMEDIA DISAMBIGUATION PAGE
Good Morning; G'mornin; Good Morning (movie); Qayirly Tan; Goodmorning; Good mornings; Good-mornings; Goodmornings; Good Morning (song); Good morning (disambiguation); Good Morning (disambiguation); Good Morning (film)
You say 'Good morning' when you are greeting someone in the morning. (FORMAL)
CONVENTION [formulae]