Meaning of independent goods
Independent goods
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Economics terminology
Glossary of economics terms and concepts
Meaning and definition of independent goods
Products or services for which there is little or no relationship between the price of one and the demand for the other. When the price of one rises or falls, the demand for the other tends to remain constant.
For the term independent goods may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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