Definitions for downmarket
down·mar·ket

Princeton's WordNetRate this definition:0.0 / 0 votes

1. downmarketadjective

   designed for low-income consumers

WiktionaryRate this definition:0.0 / 0 votes

1. downmarketadverb

   Towards the less prestigious sector of the market.

2. downmarketadjective

   Designed for low-income consumers.

3. downmarketadjective

   Of, or relating to the less prestigious sector of the market.

WikipediaRate this definition:0.0 / 0 votes

1. downmarket

   In economics, an inferior good is a good whose demand decreases when consumer income rises (or demand increases when consumer income decreases), unlike normal goods, for which the opposite is observed. Normal goods are those goods for which the demand rises as consumer income rises.Inferiority, in this sense, is an observable fact relating to affordability rather than a statement about the quality of the good. As a rule, these goods are affordable and adequately fulfill their purpose, but as more costly substitutes that offer more pleasure (or at least variety) become available, the use of the inferior goods diminishes. Direct relations can thus be drawn from inferior goods to socio-economic class. Those with constricted incomes tend to prefer inferior goods for the reason of the aforementioned observable inferiority.Depending on consumer or market indifference curves, the amount of a good bought can either increase, decrease, or stay the same when income increases.

ChatGPTRate this definition:0.0 / 0 votes

1. downmarket

   Downmarket refers to products or services that are less expensive and generally of lower quality, primarily designed and intended for lower-income consumers or individuals seeking a budget-friendly option. It can also refer to a shift in a company's strategy to cater to the lower end of the market.

How to pronounce downmarket?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say downmarket in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of downmarket in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of downmarket in Pythagorean Numerology is: 7

Examples of downmarket in a Sentence

1. Nicolas Delarocque:

   French consumption is like a pie that's already been divvied up and you have to fight to snatch a new one, mall owners now realise they're better off having downmarket stores that draw crowds rather than high-end ones that don't.

2. James Chao:

   Going downmarket into low-cost SUVs may actually damage the brand in the long term, cRISIS MODE.

3. Nicolas Delarocque:

   French consumption is like a pie that's already been divvied up and you have to fight to snatch a new one, mall owners now realize they're better off having downmarket stores that draw crowds rather than high-end ones that don't.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=downmarket
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Downmarket
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Downmarket
4. ^ ChatGPT
   https://chat.openai.com