Neutral good
id:
neutral-good-292-8104241
title:
Neutral good
text:
In economics, neutral goods refers either to goods whose demand is independent of income, or those that have no change on the consumer's utility when consumed. Under the first definition, neutral goods have substitution effects but not income effects. Examples of this include prescription medicines such as insulin for diabetics. An individual's income may vary, but their consumption of vital medicines remains constant. The second definition says that a good is neutral if the consumer is ambivale
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Neutral_good
date created:
date modified:
2024-02-08T06:05:51Z
main entity:
{"identifier":"Q7002990","url":"https://www.wikidata.org/entity/Q7002990"}
image:
fields total:
13
integrity:
13