What does Giffen Good mean?
A rare type of inferior good for which demand increases as price increases, violating the law of demand.
A Giffen good is a rare product for which demand increases as the price increases.
Giffen Good in German, French, Spanish and Italian
GermanGiffen-Gut
Extremer Sonderfall, bei dem teurere Basisgüter mehr gekauft werden müssen.
FrenchBien de Giffen
Bien dont la demande augmente quand son prix augmente.
SpanishBien de Giffen
Bien de primera necesidad cuya demanda sube al subir su precio.
ItalianBene di Giffen
Bene inferiore per cui l'effetto reddito domina l'effetto sostituzione.
Common phrases with Giffen Good
- rare type giffen good
- price increases giffen good
- defying demand giffen good