types of goods

free goods

the good that's unlimited in supply

example of free goods

air, sea, rain, water and sunlight

complementary goods

the good that are buy and use together

example of complementary goods

pencil and pencil case

substitute goods

the goods which are alternative and can be use instead of each other

example of substitute goods

almond milk and diary milk

normal goods

the goods that people want to buy more as their income increase

example of normal goods

quality bread and H&M cloths

luxury goods

the good which demand increase more than proportionally as increase rise

example of luxury goods

brand name hand bags

inferior goods

the good that people want to buy less as their income increase

example of inferior good

instant noodles and discounted bread