Normal goods

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Normal good - definition

A good which people demand more of when their income rises (or less of when their income falls). Normal goods have a positive income elasticity of demand.

normal goods

The Engel curve for a normal good will have a positive slope.




WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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