ISBN: 9785512423349

High Quality Content by WIKIPEDIA articles In economics, Veblen goods are a group of commodities for which people's preference for buying them increases as their price increases, as grea… Mehr…

High Quality Content by WIKIPEDIA articles In economics, Veblen goods are a group of commodities for which people's preference for buying them increases as their price increases, as greater price confers greater status, instead of decreasing according to the law of demand. A Veblen good is often also a positional good. The Veblen effect is named after economist Thorstein Veblen, who first pointed out the concepts of conspicuous consumption and status-seeking. Veblen Good, Book on Demand<