About: Ordinary good

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An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates an increase in quantity demanded when the price for the good drops or conversely a decrease in quantity demanded if the price for the good increases, ceteris paribus. It is the opposite of a Giffen good.

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  • En microeconomía, se denomina bien ordinario a aquel bien económico cuyo nivel de consumo aumenta cuando su precio desciende y cuyo nivel de consumo baja si su precio aumenta, manteniendo idénticas las demás condiciones. Es el opuesto al bien de Giffen.​ La teoría del consumidor se vio alterada al comprobar que existían bienes cuyo consumo aumenta cuando su precio aumenta, los llamados "bienes de Giffen", de modo que fue necesario definir los bienes cuyo consumo responde al concepto ordinario de relación entre oferta y demanda. Dado que la mayor parte de los bienes se comportan de esta manera, el estudio de este concepto ha sido menos desarrollado que el de los , relacionados con la relación entre los ingresos de los consumidores y el consumo de cada bien.​ (es)
  • An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates an increase in quantity demanded when the price for the good drops or conversely a decrease in quantity demanded if the price for the good increases, ceteris paribus. It is the opposite of a Giffen good. Since the existence of Giffen goods outside the realm of economic theory is still contested, the pairing of Giffen goods with ordinary goods has gotten less traction in economics textbooks than the pairing normal good/inferior good used to distinguish responses to income changes. The usage of "ordinary good" is still useful since it allows a simple representation of price and income changes. A normal good is always ordinary, while an ordinary good can be normal, inferior or sticky. (en)
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  • En microeconomía, se denomina bien ordinario a aquel bien económico cuyo nivel de consumo aumenta cuando su precio desciende y cuyo nivel de consumo baja si su precio aumenta, manteniendo idénticas las demás condiciones. Es el opuesto al bien de Giffen.​ (es)
  • An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates an increase in quantity demanded when the price for the good drops or conversely a decrease in quantity demanded if the price for the good increases, ceteris paribus. It is the opposite of a Giffen good. (en)
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  • Bien ordinario (es)
  • Ordinary good (en)
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