What do you mean by substitute goods, complementary goods, giffen good – InterviewSolution

1.	What do you mean by substitute goods, complementary goods, giffen goods?
Answer» ute GOODS :- The goods which can be substituted with one another for the satisfaction of a human need are called SUBSTITUTE goods.Complementary goods :- The goods which are used together to satisfy a particular want are called complementary goods.Giffen goods :- SPECIAL TYPES of inferior goods whose demands INCREASES with increase in income and vice versa.

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