MyBroadbandâs IT salary survey revealed that the average IT salary (basic salary only) in South Africa is R31,738 per month.
Consumer good. Written By: Consumer good, in economics, any tangible commodity produced and subsequently purchased to satisfy the current wants and perceived needs of the buyer. Consumer goods are divided into three categories: durable goods, nondurable goods, and services. Consumer durable goods have a significant life span, often three years or more (although some authorities classify goods with life spans of as little as one year as durable).
(For a normal good, as the price increases, consumption decreases.) Thus, the demand â¦ curve will be upward instead of downward sloping. Inferior goods. In consumer theory, an inferior good is a good that decreases in demand when consumer income rises, unlike normal goods, for which the opposite is observed.[1]