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Real Estate Glossary

Lower Order Good

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Written by Kevin Coulston

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.

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.

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Kevin Coulston