Experience good

Experience good

A product whose value can be better known after having consumed it. Producers of experience goods may temporarily charge a price lower than marginal cost to induce buyers to try the product. Done with an export, this would be legally considered dumping.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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experience good

Economy; International economics

A product whose value can be better known after having consumed it. Producers of experience goods may temporarily charge a price lower than marginal cost to induce buyers to try ...

good

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A product that can be produced, bought, and sold, and that has a physical identity. Sometimes said, inaccurately, to be anything that "can be dropped on your foot" or, also ...

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Valid; legally sufficient.

good

Language; Dictionaries

That which possesses desirable qualities, promotes success, welfare, or happiness, is serviceable, fit, excellent, kind, benevolent, etc.; -- opposed to evil.

good

Language; Dictionaries

To make good; to turn to good.

good

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Well, -- especially in the phrase as good, with a following as expressed or implied; equally well with as much advantage or as little harm as possible.

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To rebuild Greece economy some European economists recommend to launch a new currency for Greece. They call it Geuro.

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