Concept information
Término preferido
health care as luxury goods
Definición
- For a luxury good, the ratio of the increase in demand for that good to any attendant increase in income will exceed unity. This ratio, that is, the percent increase in quantity of a good demanded divided by the percent increase in income, is termed the income elasticity of demand (Ei). [Source: Encyclopedia of Health Care Management; Health Care as Luxury Goods]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-C8FR63MR-F
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