In economics, an inferior good is a good whose quantity demanded decreases when consumer income rises (or quantity demanded rises when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those for which consumers' demand increases when their income increases
Jefferson championed natural rights as the basis of all government. He believed that certain rights were God given and the government had no power to take them away.
The main changes brought about by the Bolsheviks immediately after the October Revolution were (i)The Bolsheviks were totally opposed to private property Therefore most industries and banks were nationalised. (ii) Land was declared social property and peasants were allowed to seize the land of the nobility.
