Normaalihyödyke
Normaalihyödyke, or normal good in English, is an economic term referring to a product for which demand increases as consumer income rises. This is in contrast to an inferior good, where demand decreases as income increases. The concept is fundamental to understanding consumer behavior and market dynamics.
When a consumer's purchasing power grows, they tend to allocate more of their budget towards normal goods.
Economists use the concept of income elasticity of demand to categorize goods. A normal good has a