noun
: a commodity the consumption of which decreases as its price declines or as the income of consumers rises because of the increased income available to buy preferred though more expensive commodities
noun
: a commodity the consumption of which decreases as its price declines or as the income of consumers rises because of the increased income available to buy preferred though more expensive commodities
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012