What does Veblen Good mean?
A luxury good for which demand increases as price increases due to its exclusive nature.
Luxury cars are a Veblen good, where higher prices increase desirability.
Veblen Good in German, French, Spanish and Italian
GermanVeblen-Gut
Prestigegüter, die gerade wegen ihres hohen Preises begehrt sind.
FrenchBien de Veblen
Bien de luxe dont la cherté augmente l'attrait social.
SpanishBien de Veblen
Bien de lujo cuya demanda sube al aumentar su precio por prestigio.
ItalianBene di Veblen
Bene di lusso per cui il prezzo elevato funge da status symbol.
Common phrases with Veblen Good
- luxury veblen good
- desirability veblen good
- price increases veblen good
Synonyms and opposites for Veblen Good
- Synonym Status symbol