grievance noun [C]. âº a âcomplaint or a âstrong âfeeling that you have been âtreated unfairly: A âspecial âcommittee âinvestigates âprisonersâ grievances. (Definition of grievance from the Cambridge Academic Content Dictionary Â© Cambridge University Press).
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy.  Surplus goods are the result of an efficient economy usually one that is a free market economy. Minor edit?
Definition of 'Inferior Goods' Definition: An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer. Description: For example, there are two commodities in the economy -- wheat flour and jowar flour -- and consumers are consuming both.