Flashcards on Business Theme 1 , created by zsolt.trenka on 22/01/2016.
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Created by zsolt.trenka
over 8 years ago
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Created by zsolt.trenka
over 8 years ago
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Market (Equilibrium)
- Balance Between Supply & Demand
Income Elasticity of Demand
Calculating IED
Normal Goods
Necessities
Luxury Goods
Complementary Goods
Inferior Goods
- Cigarettes
- Council Houses
- Supermarket Own Label Food
Business USES
Luxury Products 2
In Theory
Balancing Theory...However
Normal Luxury goods
