A lower-order good, on the other hand, is a good or service that is the complete opposite as it does not need a large number of customers to support its business. A lower-order good only requires a small trade area.
Lower Order Good
A lower-order good, on the other hand, is a good or service that is the complete opposite as it does not need a large number of customers to support its business. A lower-order good only requires a small trade area.