Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Normal Good: Unlocking Your Economic Choices, A Guide to Normal Goods
    Normal Good: Unlocking Your Economic Choices, A Guide to Normal Goods
    Normal Good: Unlocking Your Economic Choices, A Guide to Normal Goods
    Ebook248 pages2 hours

    Normal Good: Unlocking Your Economic Choices, A Guide to Normal Goods

    By Fouad Sabry

    ()

    Read preview

    About this ebook

    What is Normal Good


    When it comes to economics, a normal good is a category of a good that experiences an increase in demand as a result of an increase in income. This is in contrast to inferior goods, which are seen to experience the opposite of this phenomenon. In the event that there is an increase in a person's income, for instance as a result of a wage increase, a good that is referred to as a normal good is one for which the demand increases as a result of the wage increase. In contrast, when there is a fall in income, such as when wages are reduced or when people are laid off, there is a corresponding decrease in the demand for regular products.


    How you will benefit


    (I) Insights, and validations about the following topics:


    Chapter 1: Normal good


    Chapter 2: Supply and demand


    Chapter 3: Elasticity (economics)


    Chapter 4: Price elasticity of demand


    Chapter 5: Cross elasticity of demand


    Chapter 6: Giffen good


    Chapter 7: Inferior good


    Chapter 8: Substitute good


    Chapter 9: Engel curve


    Chapter 10: Income-consumption curve


    Chapter 11: Law of demand


    Chapter 12: Complementary good


    Chapter 13: Luxury goods


    Chapter 14: Demand curve


    Chapter 15: Slutsky equation


    Chapter 16: Wealth effect


    Chapter 17: Tax incidence


    Chapter 18: Demand


    Chapter 19: Tax efficiency


    Chapter 20: Necessity good


    Chapter 21: Income elasticity of demand


    (II) Answering the public top questions about normal good.


    (III) Real world examples for the usage of normal good in many fields.


    Who this book is for


    Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Normal Good.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateFeb 2, 2024
    Normal Good: Unlocking Your Economic Choices, A Guide to Normal Goods

    Read more from Fouad Sabry

    Related to Normal Good

    Titles in the series (100)

    View More
    View More

    Related ebooks

    Economics For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Value – And Power – Of Money In A Changing World

      Feb 14, 2020

      what is money? Is it a means of transacting, a store of value, or a measure of value? Is it coins and notes, bank cards, investments or gold? Money is all of this, connected into a complex financial system consisting of government treasuries, central

      3 min read

    • Article

      Millennials: Get Off Your Assets and Take Charge of Your Financial Life

      Jul 23, 2022

      Millennials, of course, you want to take charge of your financial life. Financial freedom is what most people want.  Can you imagine not having to worry about money?  You would have enough savings and investments.   You would not worry about an emerg

      3 min read

    • Article

      To Define Your Retirement Goals, Take the Postcard Test

      Jul 30, 2019

      It all starts with a pack of postcards I bought on Amazon for five bucks. When I sit down with a new client, usually a married couple, I take out my postcards and lay them on the table. The exercise: Pick five of these that represent the life you wan

      3 min read

    • Article

      Working Hard For The Money

      Dec 6, 2023

      managing editor This year, Money magazine rounded up nine of our most talented writers and tasked them with reporting on why exactly, in specific detail, these products or businesses are the most beneficial for our readers. To be clear, each of these

      2 min read

    • Article

      Behavioural Insights

      May 1, 2020

      Behavioural Insights
      2 min read

    • Article

      Investment For Beginners

      Feb 27, 2022

      Investment For Beginners
      3 min read

    • Article

      Financial Keys to Help Weather Coronavirus Crisis

      Mar 24, 2020

      This is an unusual time we live in. One year ago, it would have been inconceivable to suggest that Americans would soon be hoarding food, shuttering businesses, and practicing social distancing. Stock markets around the world have taken a hit, and su

      3 min read

    • Article

      Wealthy People Need Budgets Too: It's Called Cash Flow Management

      Jan 10, 2020

      In our experience, ultra-high-net-worth individuals underestimate their spending by 25% on average -- and sometimes by as much as 50%. It can be very easy to misjudge your spending when your financial picture is complex. You may not feel that you ar

      3 min read

    • Article

      Investing As A Zillennial: Unleashing The Financial Power Of A Tech-Savvy Generation

      Sep 29, 2023

      I overheard this statement once and I think it’s one of the strangest myths around Zillennials (apart from us needing coffee to cope) – the myth is that we think we’re too young to be investing. Now, if that sounds very familiar and it resonates with

      2 min read

    • Article

      Money: The Self-care Ess Ential We Forget About

      Jun 13, 2018

      Words LIZ MCLARDY Most of us will be familiar with many of the self-care practices professed by wellbeing experts around the world, like meditating, journalling and eating nourishing superfoods. But there is an essential self-care element we often fo

      7 min read

    • Article

      Our Fair Shares

      Jun 13, 2022

      Our Fair Shares
      3 min read

    • Article

      4 Simple Habits to Build Wealth Faster

      Jan 30, 2019

      As a young child, did you ever dream of having $1 million in the bank? I used to think that way, but my perspective changed over the years. $1 million is no longer a guarantee of financial freedom. For someone spending $200,000 a year in good healt

      3 min read

    • Article

      Money Harmony

      Apr 23, 2020

      Money Harmony
      3 min read

    • Article

      Break Those Feelgood Habits

      Jul 1, 2020

      Break Those Feelgood Habits
      2 min read

    • Article

      Q&A

      May 1, 2017

      How do you define ‘nudge marketing’? Nudge marketing is all about structuring a consumer choice environment to get the consumer to do a certain thing. The issue is, we can think about ‘consumer behaviour’ as a series of single decisions or actions; o

      4 min read

    • Article

      Martha Gill

      Apr 26, 2024

      Martha Gill
      3 min read

    • Article

      Redefining Success

      Nov 12, 2020

      Redefining Success
      5 min read

    • Article

      Industry Insights

      Jun 9, 2021

      Industry Insights
      5 min read

    Related categories

    Reviews for Normal Good

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Normal Good - Fouad Sabry

      aebook_preview_excerpt.html
      Enjoying the preview?
      Page 1 of 1