superior goods
Economics term for goods whose demand increases as consumer income rises, in contrast to inferior goods. Also called 上級財.
See also: 上級財
Luxury cars and overseas travel are examples of superior goods.
Antonym: inferior goods, whose demand decreases as income rises.
Compound of 優等 (superior, high-grade) and 財 (goods, wealth). The term is a direct translation of the English economics term 'superior goods'.