Business GCSE
Inferior Goods
What Inferior Goods means in Business GCSE, as defined for OCR.
Definition of Inferior Goods
Products for which demand decreases when consumer income increases (e.g., budget brands).
Topics that use Inferior Goods
- The economic climate (OCR GCSE)
Related terms
Using Inferior Goods in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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